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Trumps import duties hit the French hardest, the Netherlands barely touched

2019-12-03T23:10:59.009Z

The US import taxes of 7.5 billion dollars (6.81 billion euros) in response to the illegal state aid of the European Union to aircraft manufacturer Airbus hit France the hardest. The taxes of the American president Donald Trump barely touch the Netherlands, reports the Central Bureau of Statistics (CBS) Wednesday.



The US import taxes of 7.5 billion dollars (6.81 billion euros) in response to the illegal state aid of the European Union to aircraft manufacturer Airbus hit France the hardest. The taxes of the American president Donald Trump barely touch the Netherlands, reports the Central Bureau of Statistics (CBS) Wednesday.

France is taking the biggest blow with 2.7 billion euros. CBS states that products such as French wine, but also aircraft are subject to the taxes. Germany and the United Kingdom are also hit hard with 28 and 20 percent of the total export value.

Only 0.5 percent of the affected exports, around 38 million euros according to the CBS, affects Dutch export goods. The figures from Statistics Netherlands are only about direct export; suppliers for exporters in other countries are not included, according to the CBS.

Import duties mainly affect alcoholic beverages

Trump's import duties mainly affect the export of alcoholic beverages (3.6 billion euros), followed by aircraft (3.5 billion euros), food (1.4 billion) and machines (0.5 billion).

France and Germany are most affected by charges on aircraft, the United Kingdom for the most part by charges on alcohol. The Netherlands is faced with a tax on specific types of cheese, such as Emmental cheese, and cheese substitutes.

Charges for illegal subsidies to Airbus

The US import duties on European products were approved by the World Trade Organization (WTO) in early October. The charges were approved after the WTO concluded that the European Union had provided aircraft builder Airbus with illegal subsidies for years.

The decision partly ended the fight that has been going on for fifteen years about support programs for aircraft builders Airbus and Boeing. The latter was subsidized by the United States. At the beginning of 2020, the WTO judged how high the rates that the EU could charge in response to those illegal subsidies were.

See also: WTO: European Union still subsidizes construction of Airbus aircraft

Source: nunl

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