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The US studies applying new tariffs to Europe worth € 2,750 million

According to a document from the Office of the US Trade Representative (USTR), the North American country is considering applying new tariffs worth about 3.1 billion dollars, i.e. about 2.748 million euro at the current exchange rate, to different products from France, Germany, Spain, and the United Kingdom. The tariffs, which would also be imposed on certain types of preserved potatoes, would become effective starting July 26.

This measure is the latest episode in the trade dispute between the European Union (EU) and the US due to the conflict caused by the subsidies that the European aeronautical constructor Airbus received at the expense of its American rival Boeing.

In an expected arbitration ruling, the World Trade Organization (WTO) determined in October of last year the adverse effects for Boeing regarding five aircraft sales campaigns that Airbus won between 2011 and 2013, which it considered Boeing would have won if Airbus hadn't received subsidies.

As a result, the WTO gave the green light to the United States to impose taxes on products from the EU and the United Kingdom for about 7.5 billion dollars.

However, the WTO is expected to rule in favor of the EU in September in another open case between the two aviation giants, so Brussels could decide to put tariffs on US products for about $ 11.2 billion in retaliation for the US illegal subsidies for Boeing.

 

Source: EFE / lavanguardia.com 


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