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United States Threatens Additional Tariffs On $4bn Of EU Goods

Published on Jul 2 2019 9:46 AM in Supply Chain tagged: Trending Posts / US / EU / WTO / Additional Tariffs

United States Threatens Additional Tariffs On $4bn Of EU Goods

The United States has threatened tariffs on up to $4 billion worth of additional EU goods, which could include Irish whiskey.

The move is yet another in a long-running dispute over aircraft subsidies with the bloc.

These latest additional tariffs follow recent tariffs placed in April, and will also include sausages, hams, pasta, olives and cheeses, including parmesan-reggiano, provolone, edam and gouda.

Additional Tariffs

The Office of the US Trade Representative said that the tariffs are in response to EU subsidies on large civil aircraft.

“Today, the Office of the U.S. Trade Representative is issuing for public comment a supplemental list of products that could potentially be subject to additional duties in order to enforce U.S. rights in the WTO dispute against the EU and certain EU Member States,” the USTR said.

“This supplemental list adds 89 tariff subheadings with an approximate trade value of $4 billion to the initial list published on April 12, which included tariff subheadings with an approximate trade value of $21 billion.”

The US and the EU have been entangled in a ‘tit-for-tat’ when it comes to pushing tariffs on planes for many years, long before President Trump took office.

The near 15-year dispute at the WTO has been over aircraft subsidies given to U.S. planemaker Boeing and its European rival, Airbus.

© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.

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