U.S. Weighs New Tariffs On $3.1 Billion Of European Goods, Including Beer, Olives, Coffee, And Chocolate

From: forbes.com

The United States is considering a spate of new tariffs on $3.1 billion in exports from Europe, according to a notice published by the Office of the United States Trade Representative on Tuesday—it’s the latest move in a longstanding dispute between the U.S. and the E.U. over the latter’s illegal subsidies to aircraft giant Airbus.

Beer, gin, olives, coffee, chocolate, cheese, yogurt, aircrafts, trucks, and machinery are among the goods under consideration for new tariffs.

Those new tariffs could be as high as 100%, the notice says, pending a public comment period that ends on July 26.

This isn’t the first time the U.S. has threatened the E.U. with a broad range of tariffs—it did so twice last year after key decisions from the World Trade Organization related to the Airbus dispute.

Read More

Suggested Reading