US probe against EU could trigger a new trade war

The United States administration is reportedly mulling a new trad investigation against the Europe an Union as the window closes for hitting Brussels with tariffs on Europe an automobiles. Which means the EU could face a much broader US inquiry.

Although, the US and the EU have disputes in beef, automobile, steel and other trades, the "illegal aid" dispute between them, which goes back 15 years, could intensify the US-EU trade conflict, especially because of rising populism in both economies.

European aircraft and textile products - worth $1.6 billion and $1.58 billion, respectively - invited the highest amount of US punitive tariffs. In addition, agricultural goods such as cheese, olive products, frozen pork, liqueur, some types of fruits and coffee, and industrial products including shovels, bulldozers and printing equipment could also incur higher US tariffs.