Home Business The United States announced that it will impose tariffs on French and German wines, aircraft manufacturing parts, etc.
The United States announced that it will impose tariffs on French and German wines, aircraft manufacturing parts, etc.

The United States announced that it will impose tariffs on French and German wines, aircraft manufacturing parts, etc.

by YCPress

As the dispute over aviation subsidies between Washington and Brussels continues, the Office of the United States Trade Representative said on December 30 local time that the United States is raising tariffs on certain products from the European Union, including French and German aircraft manufacturing-related parts and Portugal. Grape wine.

According to the report, the United States has not stated when the additional tariffs will take effect.

According to the report, the office of the U.S. Trade Representative said in a statement that tariffs are being imposed on the manufacture of parts and certain non-foaming wines of Franco-German aircraft, as well as cognac and other brandy.

Reuters also mentioned that at present, the Office of the United States Trade Representative has not specified when the additional tariffs will take effect, but pointed out that more details will be published “on the corner”.

According to the report, Reuters journalists could not immediately contact the EU representative to comment on the matter.

The dispute over air subsidies between the United States and Europe began in 2004. The World Trade Organization has ruled that both the United States and the European Union have the problem of providing illegal subsidies to their respective aviation enterprises.

In October 2019, the WTO authorized the United States to impose retaliation measures such as tariffs on about $7.5 billion a year on EU goods and services exported to the United States. In October 2020, the WTO officially authorized the EU to impose tariffs on goods and services not exceeding $3.99 billion a year from the United States.