United States imposes additional tariffs on some European Union goods

Marco Green
October 18, 2019

If President Donald Trump follows through on a plan to impose tariffs on European goods in the dispute over Airbus, it will have "concrete" repercussions, France's Economy Minister Bruno Le Maire said Thursday.

Irish products set to be subject to "additional import duties of 25% ad valorem" include: single-malt Irish whiskey; liqueurs; cheese; pork; yogurt; butter; dairy spreads; fats and oils derived from milk; and a variety of seafood.

The award of $7.5 billion annually is by far the largest award in WTO history - almost twice the largest previous award.

The EU trade chief added that USA sanctions would inflict "very significant damage" to the supply chain of the aircraft sectors across the Atlantic and cause "collateral damage to many other sectors already suffering under the current trade tensions".

Commenting on the U.S. tariffs, German Finance Minister Olaf Scholz urged the European Union to stay cool and avoid a new escalation.

The WTO on Monday formally gave the USA the go-ahead to impose the trade sanctions, in retaliation for improper financial subsidies for Airbus. The body also gave the U.S. permission to take measures against the EU. The EU is ready to take countermeasures, but is waiting for WTO approval.

Le Maire warned the United States against starting another front in its trade conflicts, with Washington already involved in a costly tariff battle with China.

Other reports by Click Lancashire

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