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USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies
Source: Reuters
BUSINESS NEWS JULY 1, 2019 / 6:47 PM / UPDATED AN HOUR AGO
USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies
Andrea Shalal
3 MIN READ
WASHINGTON (Reuters) - Just days after reaching a truce in the U.S.-China trade war, the U.S. government on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods.
The U.S. Trade Representative’s office released a list of additional products - including olives, Italian cheese and Scotch whiskey - that could be hit with tariffs, on top of products worth $21 billion that were announced in April.
USTR said it was adding 89 tariff sub-categories to its initial list, including a variety of metals, in response to public comments, but gave no further explanation. Over 40 individuals testified about products included on the initial list at a public hearing on May 15 and 16.
The United States and the EU have threatened to impose billions of dollars of tit-for-tat tariffs on planes, tractors and food in a nearly 15-year dispute at the World Trade Organization over aircraft subsidies given to U.S. planemaker Boeing Co (BA.N) and its European rival, Airbus SE (AIR.PA).
-snip-
USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies
Andrea Shalal
3 MIN READ
WASHINGTON (Reuters) - Just days after reaching a truce in the U.S.-China trade war, the U.S. government on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods.
The U.S. Trade Representative’s office released a list of additional products - including olives, Italian cheese and Scotch whiskey - that could be hit with tariffs, on top of products worth $21 billion that were announced in April.
USTR said it was adding 89 tariff sub-categories to its initial list, including a variety of metals, in response to public comments, but gave no further explanation. Over 40 individuals testified about products included on the initial list at a public hearing on May 15 and 16.
The United States and the EU have threatened to impose billions of dollars of tit-for-tat tariffs on planes, tractors and food in a nearly 15-year dispute at the World Trade Organization over aircraft subsidies given to U.S. planemaker Boeing Co (BA.N) and its European rival, Airbus SE (AIR.PA).
-snip-
Read more: https://www.reuters.com/article/us-usa-trade-eu/ustr-proposes-4-billion-in-potential-additional-tariffs-over-eu-aircraft-subsidies-idUSKCN1TW3ZR
