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A new Airbus A320neo aircraft is presented by the Spanish airline Vueling at Barcelona's airport on Sept. 27, 2018. The Trump administration is preparing to slap tariffs on imports from Europe, citing subsidies of Airbus jets. Josep Lago/AFP/Getty Images hide caption

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Josep Lago/AFP/Getty Images

Tuna, seen on display last year at a fish market in Mexico City. The World Trade Organization dealt Mexico a defeat on appeal Friday, dismissing the country's argument that labeling regulations in the U.S. violated WTO rules. Henry Romero/Reuters hide caption

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Henry Romero/Reuters

China's Ministry of Commerce is pursuing legal remedy against the U.S. over new tariffs on $200 billion worth of Chinese imports. Here, a container ship is unloaded at the Port of Oakland in California last week after completing a voyage from China. Ben Margot/AP hide caption

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Ben Margot/AP

The EU will take its complaint over new U.S. tariffs to the World Trade Organization, according to Cecilia Malmström, the European commissioner for trade. Malmström spoke at a news conference Friday in Brussels. Dario Pignatelli/Bloomberg via Getty Images hide caption

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Dario Pignatelli/Bloomberg via Getty Images

President Trump holds up a signed memorandum calling for a trade investigation of China at the White House on Monday. Alex Brandon/AP hide caption

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Alex Brandon/AP

Trump Turns To 43-Year-Old 'America First' Trade Law To Pressure China

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Shipping containers sit at a port in Tianjin, China, on Feb. 28. Alexander F. Yuan/AP hide caption

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Alexander F. Yuan/AP