Trade dispute with the EU, the United States, punitive tariffs to impose on the German jam

marmalades from Germany and France from 1. September of punitive tariffs be affected in the importation into the United States. This Greek cheese and biscuits f

Trade dispute with the EU, the United States, punitive tariffs to impose on the German jam

marmalades from Germany and France from 1. September of punitive tariffs be affected in the importation into the United States. This Greek cheese and biscuits from the UK fell according to a Review from criminal tariff list of the American government. Overall, it will stay with punitive customs duties on Goods to a value of 7.5 billion dollars, informed the us trade representative Robert Lighthizer on Wednesday (local time). Also, the rates of duty remained unchanged. The Changes were modest, it said.

The world trade organisation, WTO, had given Washington the end of 2019 the right to impose punitive tariffs of up to 100 percent on Goods to the value of 7.5 billion dollars (6.7 billion euros). Background year-long illegal subsidies for the European aircraft manufacturer Airbus. Already last October punitive tariffs in the amount of 25 percent had been adopted by the United States that is why many products from Europe. For example, wine from Germany and France, Parmesan from Italy and olive oil from Spain were affected. In addition, the United States imposed on imports of a Penalty tax on Aircraft. The special levy was increased in February by 10 to 15 percent.

The American government had notified at the end of June, and to consider new punitive tariffs on products from Germany, France, Spain and the United Kingdom for the Airbus subsidies in countries which are responsible–. Airbus announced in July, with a "last offer" the subsidy dispute between the EU and the United States to settle. The company agreed to pay for the state credit, with which France and Spain had supported the development of the Airbus A350, a higher rate of interest. The WTO had classified the loans as aid, and the United States in 2019, in turn, allowed to give evidence of European Goods to the value of 7.5 billion dollars of punitive tariffs.

Updated Date: 13 August 2020, 00:19

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