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Additional tariffs on US and European products on 18th Retaliation for aircraft subsidies

2019-10-18T00:38:25.728Z

[Washington 17th Reuters]-US Trade Representative (USTR) announced on the 17th that it will launch additional tariffs on certain products imported from the European Union (EU) on 18th. World Trade Organization (WTO) dispute resolution organization



[Washington 17th Reuters]-US Trade Representative (USTR) announced on the 17th that it will launch additional tariffs on certain products imported from the European Union (EU) on 18th.

The World Trade Organization (WTO) dispute resolution agency officially approved the retaliatory device on the 14th for subsidizing the subsidy provided by the EU to a major aircraft company, Airbus <AIR.PA>.

The US has a policy of adding a 10% tariff on Airbus aircraft and a 25% tariff on EU products worth $ 7.5 billion such as wine, whiskey and cheese.

Source: asahi

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