ALERT: U.S. to Impose Tariffs on EU Goods After WTO’s Airbus Ruling
Global trade regulator gave Washington green light in ruling on EU subsidies for Airbus
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October 2, 2019 - by Emre Peker in Brussels and Josh Zumbrun in Washington for wsj.com
The U.S. plans to swiftly impose tariffs on $7.5 billion in aircraft, food products and other goods from the European Union after the World Trade Organization authorized the levies Wednesday, citing the EU's subsidies to Airbus EADSY -1.76% SE.
The new duties represent the most significant trade action against the EU since the Trump administration hit the bloc with steel and aluminum duties last year, and could further sour relations between allies that have long sought to resolve trade disputes without resorting to tariffs.
"I'm tempted to say it will poison the well on other U.S.-EU trade issues, but the well is pretty poisoned anyways," said William Reinsch, a senior adviser at the Center for Strategic and International Studies in Washington. The Trump administration "wants to watch the Europeans squirm for a while," he said.
The Office of the U.S. Trade Representative said it would impose the tariffs starting Oct. 18, with 10% levies on jetliners and 25% duties on other products including Irish and Scotch whiskies, cheeses and hand tools.
The U.S. was authorized to impose tariffs of up to 100% on $7.5 billion of goods...
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