The Trump administration plans to impose additional punitive taxes on the equivalent of $ 3.1 billion in European products, including French, according to an official document released Tuesday night.
Punitive taxes have been authorized by the WTO ...
This gesture, which is still virtual for the moment, should further strain the already very delicate trade relations between the EU and the United States. The services of the United States Trade Representative have drawn up the list of new products concerned in a call for public consultation which will last until July 26. These punitive taxes were authorized by the World Trade Organization for products imported from the EU to the tune of 7.5 billion dollars, within the framework of the thorny and interminable file of the subsidies to the European Airbus and l American Boeing.
... up to 100%
In addition to France, the new products concerned, which may be subject to taxes of up to 100%, also come from Spain, the United Kingdom and Germany. The list includes olives, coffee as well as pastry spirits and machine tools. This information revealed by the Bloomberg agency weighed on Wall Street at the opening but also in Europe on the securities of the companies which could be targeted by the new American measures.