EU

The World Trade Organization ruled on October 2 that Airbus was granted a subsidy to allow the United States to impose tariffs on EU goods valued at $7.5 billion. The United States Trade Representative (USTR) announced that it will levy taxes on related goods from October 18.

The United States has announced a 10% tariff on aircraft from the European Union and a 25% tariff on other industrial and agricultural commodities. Officials said that aircraft tariffs do not include aircraft parts, allowing Airbus to avoid increasing the cost of production in Alabama, and allowing Boeing to produce and use European parts locally.

The tariff list also includes French red wine, Italian cheese, single malt Scotch whisky, British knit pullovers, pullovers, cashmere and wool garments, olives from France, Germany and Spain, pork sausages and other pork products produced in the European Union. German coffee. Italian red wine and ham produced in the EU are exempt.

Both the United States and the European Union have accused the other party of illegally subsidizing aircraft manufacturers at the World Trade Organization. The lawsuit has continued for many years. The US Trade Representative Office has submitted a list of EU products in April, including large aircraft, parts, dairy products, wine and other products, to impose tariffs on these products, retaliation for EU subsidies for airbus. The Office of the US Trade Representative believes that the EU subsidized airbus caused more than $11 billion in losses.

 

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

The position of the British Queen’s handbag is very different.

Queen Elizabeth II received a visit to British President Donald Trump on…

Queen’s Parliament speech on December 19: Prime Minister’s House: will mention Brexit agreement

The Prime Minister ’s Office said on December 14 that Queen Elizabeth…

Davos International Conference 2022

International Residency and Citizenship by Investment Conference  by ILP Group The Davos…

British government news: If Congress blocks the Brexit, Johnson plans to advance the election on October 14

Reuters quoted a high-ranking British government on September 2 that if Congress…