President Donald Trump’s new tariff program will leave about €4.2 billion ($5 billion) of European Union exports facing levies above the 15% ceiling agreed in the EU-US trade accord. Trump’s new policy will increase duties above the maximum allowed level on European exports including cheese, butter, some agricultural products as well as several plastics, textiles and chemicals, according to people familiar with the EU’s assessment of the rates. Other goods such as some spirits will face rates lower than 15%, said the people, who spoke on the condition of anonymity. After the US Supreme Court struck down Trump’s use ... (full story)