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The US on Monday introduced $4 billion in new tariffs on items from the European Union.
The Workplace of the U.S. Commerce Consultant mentioned the supplemental listing would add 89 tariffs to the preliminary listing the U.S. introduced in April, which included tariffs price $21 billion. The brand new tariffs can be levied on meats, cheeses, pasta, fruits, espresso and whiskey.
The announcement comes at a time when the Trump administration is amping up tariffs on imports from a number of nations, together with billions of {dollars} on items from China and Mexico. Whereas there’s been a back-and-forth tariff struggle between China and the U.S., President Donald Trump mentioned he would postpone implementing new tariffs whereas the 2 nations resume talks on a commerce deal.
This month’s tariffs are a part of a yearslong dispute between the U.S. and the EU over billions of {dollars} in plane subsidies. The EU accuses the U.S. of giving unfair subsidies to U.S. firm Boeing, whereas the U.S. makes the identical argument in opposition to the European Union and EU-based agency Airbus between 1989 and 2006.
“The U.S. Commerce Consultant is contemplating the extra listing of merchandise … to be topic to elevated duties in reference to the enforcement of U.S. rights within the World Commerce Group dispute in opposition to the European Union and sure EU member States addressed to EU subsidies on massive civil plane,” the assertion mentioned.
The proposed tariffs are topic to public session within the U.S. and arbitration on the WTO, which is predicted to ship its choice this summer time.
Political Cartoons on Tariffs and Commerce
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