Posted by: 18-10-2019, 08:49
Olives, cheese and planes: US imposed colossal duties on EU
America raised import tariffs for a range of European goods
In response to European subsidies for the Airbus concern, the White House has introduced new import duties from the European Union.
It is reported by Deutsche Welle.
The total amount of duties is estimated at 7.5 billion dollars. They will affect the number of agricultural products, the import of which will rise in price by 25%, and Airbus aircraft (10%).
In particular, cookies, butter and yogurts, sweaters, pullovers, cashmere and wool products, olives, wine, sausages, German coffee, whiskey, and Parmesan will be subject to additional taxes.
It is worth noting that the World Trade Organization has already sided with the United States, despite Brussels threatening Washington with retaliatory measures. The total amount of duties that Europe can impose on American goods can reach 35 billion euros.
It should be noted that the EU accuses the US of subsidizing Boeing, and this dispute within the WTO has been going on for 15 years.
For the European Union, America is the most important sales market: in 2018, the volume of trade between them amounted to approximately 1.3 trillion dollars.
Recall that US President Donald Trump in April announced the introduction of duties on goods from EU countries in the amount of $11 billion. Thus, he decided to вЂњpunishвЂќ the EU for subsidies for the European aircraft company Airbus.
As we have already reported, due to the US-EU trade war, the American motorcycle manufacturer Harley-Davidson decided to partially transfer production from America to Europe.
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