The EU will introduce new import tariffs on US products Tuesday, November 10.

The European trade ministers decided this on Monday.

These are products that the EU imports annually for USD 4 billion (more than EUR 3.3 billion).

The taxes are a response to US taxes on European products.

The United States and the European Union have long accused each other of giving unauthorized state aid to aircraft manufacturers Boeing (US) and Airbus (EU).

Earlier, US President Donald Trump decided to introduce levies on various European goods in retaliation.

The EU is responding by imposing import tariffs on many US products, including airplanes and aircraft parts, as well as agricultural products and other goods.

The charges come as no surprise.

The EU had already made it clear that it had plans to tax American goods.

It received permission for this from the trade organization WTO in October.

Last week, EU diplomats reported to

Reuters

news

agency

that the charges would take effect this week.

On Monday it was finally decided to introduce the rates on Tuesday.