US Tariffs on EU Imports
WASHINGTON, Dec 31 (XINHUA/APP): The United States is adjusting tariffs on certain products imported from the European Union (EU) in a long-time dispute over aircraft subsidies, said the Office of the U.S. Trade Representative (USTR) on Thursday.
Washington started to impose additional tariffs on a wide range of European products worth 7.5 billion U.S. dollars in October last year, after a World Trade Organization (WTO) ruling on subsidies to the EU aircraft Airbus.
Following a similar WTO decision on subsidies to the U.S. aircraft Boeing earlier this year, the EU slapped additional tariffs on U.S. products worth 4 billion dollars in November.
The USTR’s office on Thursday claimed that the EU imposed tariffs on “substantially more products than would have been covered” as it used trade data from a period in which trade volumes had been drastically reduced due to the COVID-19 pandemic.
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