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U.S. Expands Trade War to EU

posted by Jennifer Diaz October 4, 2019 0 comments

After winning the largest arbitration award (7.5 billion) in World Trade OrganiUS EUzation (WTO) history in its dispute with the European Union (EU) over illegal subsidies to Airbus, the United States (US) will begin applying WTO-approved tariffs on certain EU goods beginning October 18. Although USTR has the authority to apply a 100 percent tariff on affected products, at this time the tariff increases will be limited to 10% on large civil aircrafts and 25% on agricultural and other products. The U.S. has the authority to increase td.he tariffs at any time, or change the products affected. Continue Reading