US to tariff EU imports

The U.S. will place tariffs on European Union food products. Following a World Trade Organization win, the U.S., announced the new tariffs, expanding a trade war with the European Union. The U.S. won the largest arbitration award in WTO history of $7.5 billion in a dispute over illegal subsidies to Airbus.

Countermeasure tariffs will be applied to a range of imports from EU Member States, with the bulk of the tariffs being applied to imports from France, Germany, Spain, and the United Kingdom – the four countries responsible for the illegal subsidies. The U.S. announced this week it will impose a 25 percent tariff on food products, including wine, scotch and cheese.

The U.S. will also place a ten percent tariff on large civil aircraft products, and another 25 percent tariff on coffee, and some tools and machinery from Germany. USTR has the authority to apply a 100 percent tariff on affected products, and the authority to increase the tariffs at any time, or change the products affected.

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