The United States has announced an increase in tariffs on some European Union products, which include component parts, some non-sparkling wines, and various cognacs and brandy types from France and Germany.

The statement from the US Trade Representative Office.

indicates that the new rates will come

into effect on January 12

and that they are a response to the EU decision to impose sanctions on American products last October.

In the context of the conflict with the European Union over aid to Boeing and Airbus, the World Trade Organization (WTO) authorized the EU to impose tariffs on products from the United States as compensation for the

subsidies received by Boeing

.

The EU decided to impose tariffs worth 4,000 million dollars (3,360 million euros) on the import of a series of products from the United States: a 15% tariff on products of the

aeronautical

sector

and additional tariffs of 25% on a range of

agricultural

and

industrial products

from the United States.

The United States believes that, when imposing these tariffs, the EU used trade data from a period in which trade volumes had been drastically reduced due to the effects on the global economy of Covid-19, which would have caused tariffs to be imposed. " to many more products than would have been covered if he had used a normal period. "

The United States says that it explained to the EU the distorting effect of the selected time period, but that the EU refused to change its approach, so now the country "is forced to change its reference period to the same period used by the Union. European ".

According to the criteria of The Trust Project

Know more

  • U.S

  • European Union

  • Boeing

  • Airbus

  • Germany

  • France

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