US Treasury Official spokesman has said that the US will impose retaliatory tariffs of 10% on EU aircraft, 25% on agricultural, industrial goods in WTO aircraft subsidies case.
Additional information
- 10% US tariff on EU aircraft will not apply to aircraft parts.
- To announce list of EU goods later today that will be subject to retaliatory tariffs, declines to provide the total amount of imports affected- intends for tariffs to take effect on Oct 18th.
- US willing to negotiate with EU to settle aircraft case but past EU offers insufficient to end subsidies-.
- Hopes imposition of tariffs will lead to a negotiated settlement to end EU subsidies.
- US would be prepared to respond if EU invokes past WTO tariff authority to retaliate.
This follows reports that the US has requested emergency meeting of WTO dispute body Mid – Oct – RTRS sources
- Signals fast tariffs on EU goods.
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