icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

US raises tariffs on French & German wines and aircraft parts over ‘unfair’ Airbus subsidies

US raises tariffs on French & German wines and aircraft parts over ‘unfair’ Airbus subsidies
Citing the ‘unfairness’ of European Union subsidies to Airbus and tariffs imposed on US-based Boeing products, the US Trade Representative’s office said it would raise dues on certain French and German wines and spirits.

The increased tariff will apply to imported cognacs, brandies and “certain non-sparkling wines,” as well as “aircraft-related parts,” Reuters reported on Wednesday, citing a statement from the Office of the US Trade Representative (USTR). 

The USTR did not specify the rate of the new tariff or when it would take effect, saying only that additional details will be “forthcoming.”

Also on rt.com US considering imposing billions in new tariffs on wide range of European goods

Washington has been accusing the European Union of unfairly calculating tariffs against the US-made Boeing aircraft and equipment, under a September ruling by the World Trade Organization. 

“The EU needs to take some measure to compensate for this unfairness,” the USTR said on Wednesday.

Boeing and Airbus have been embroiled in a dispute over subsidies that’s been going on for 16 years and shows no sign of resolution.

A tariff hike on aircraft parts produced in France, Germany, the UK, and Spain was proposed back in July, along with various food imports. Additional duties of up to 100 percent were contemplated against a range of goods including chocolate, coffee, and olives, and alcoholic beverages such as beer, gin, and vodka. The plans were met by protests from trade associations.

For more stories on the economy & finance, visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts