2021-01-12

The U.S. will impose additional tariffs on French and German aircraft parts, etc. effective January 12

By yqqlm yqqlm

China News Service, January 12th. According to Reuters, on the 11th local time, the U.S. Customs and Border Protection announced that the U.S. will start dealing with aircraft parts and wines from France and Germany on January 12. Commodities are subject to tariffs.

According to reports, in view of the continuing aviation subsidy dispute between Washington and Brussels, the US is increasing tariffs on certain products from the European Union.

The U.S. Customs and Border Protection said on the same day that according to the decision of the Office of the U.S. Trade Representative, the U.S. will impose an additional 15% tariff on some aircraft parts produced in France and Germany, and on some wines produced in France and Germany. An additional 25% tariff is imposed.

The U.S. will impose additional tariffs on French and German aircraft parts, etc. effective January 12

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p > People familiar with the matter said that in the last few weeks of the Trump administration, trade talks between Washington and Brussels reached a deadlock. The European Union has sought to discuss a quick solution to the problem with US President-elect Biden, but Biden has so far made no comment.

According to previous reports, the US-Europe aviation subsidy dispute began in 2004. The WTO has successively ruled that both the United States and the European Union have provided illegal subsidies to their respective aviation companies. In October 2019, the WTO authorized the United States to impose additional tariffs and other retaliatory measures against approximately US$7.5 billion of EU goods and services exported to the United States each year. In October 2020, the WTO authorized the EU to impose tariffs on goods and services from the United States not exceeding US$3.99 billion per year.