WTO US approval of EU countermeasures up to 25% tariff on wine, etc. October 14 18:19
In the conflict over the aircraft trade between the US and the European Union, the WTO = World Trade Organization officially approved the countermeasures that the US is seeking on the 14th. In response to this, the United States will launch a measure to add a maximum of 25% tariffs on wines and cheeses imported from the EU on the 18th.
The US and the EU have fought in the WTO, claiming that the subsidies for the American “Boeing” and the European “Airbus” are unfair.
The WTO has shown the final judgment that both subsidies are unfair, and at the meeting of the dispute resolution organization held at the headquarters in Geneva, Switzerland on the 14th, first the countermeasures against the EU that the United States is seeking , Officially approved measures to add import duties on imports of up to $ 7.5 billion per year and 800 billion yen in Japanese yen.
In response to this, the United States will launch a measure on the 18th that will add up to a 25% tariff on 160 items such as wine and cheese imported from the EU.
On the other hand, the EU has also shown its stance to take action as a counter measure after waiting for approval from the WTO on measures to add taxes on imported goods from the United States.
Apart from these aircraft-related conflicts, President Trump is considering measures to add high tariffs to cars imported from Europe to reduce the trade deficit, and it is likely to become a new risk to the global economy .