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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.