The Limited Times

Now you can see non-English news...

WTO approves EU retaliatory tariff for US Aircraft subsidy tour

2019-09-27T02:46:37.719Z

[Paris / Brussels 26th Reuters]-Over the conflict between the European Union and the United States over subsidies for aircraft, the World Trade Organization (WTO) will retaliate the US with retaliation duties on European products worth about $ 7.5 billion a year Allowed to call. Seki



[Paris / Brussels 26th Reuters]-Over the conflict between the European Union and the United States over subsidies for aircraft, the World Trade Organization (WTO) will retaliate the US with retaliation duties on European products worth about $ 7.5 billion a year Allowed to call. Related sources revealed.

The United States and the European Union (EU) are preparing for mutual tariffs, claiming that they are unfair about subsidies for Airbus <AIR.PA> and Boeing <BA.N>.

The US government demands up to 100% tariff on European products worth $ 11.2 billion annually, including tariffs from UK, France, Germany, Spain, wine from EU countries, Cheese, luxury items, etc. are included.

The tariff scale is expected to be announced next week by the WTO arbitration body. Sources pointed out that $ 7.5 billion was still significant, although the full amount was not recognized.

The US prepares a final list from a list of items worth $ 25 billion of tariff candidates. Another source indicated that the US is likely to embark on tariffs due to unsuccessful informal consultations between the US and Europe.

The EU is planning tariffs on US products worth 10 billion dollars, but it will take about six months to get WTO approval, so no immediate action can be taken. However, the EU is considering retaliation using cases previously fought in the WTO.

Source: asahi

Similar news:

You may like

News/Politics 2019-10-02T17:50:16.539Z
News/Politics 2019-10-03T01:38:16.616Z

Trends 24h

News/Politics 2019-11-11T02:55:51.163Z
News/Politics 2019-11-11T16:58:51.442Z

Latest

© Communities 2019 - Privacy