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In the dispute between the US and the EU over illegal subsidies for aircraft makers Airbus and Boeing, Washington announced additional punitive tariffs on products from Germany and France. In
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Imports of aeronautical components,
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certain wines, cognacs and other brandies from Germany and France
the office of the United States trade representative announced that taxes would now be collected.
In November, the EU announced additional taxes on certain US products. This was preceded by a decision by World Trade Organization arbitrators, according to which the EU is authorized to impose punitive tariffs on US imports worth nearly four billion dollars (3.4 billion euros) a year due to illegal subsidies to the aircraft manufacturer Boeing.
The dispute has been going on for years
The US government has now accused Brussels of making unfair decisions in imposing the tariffs, so its own measures must be adjusted. For example, the EU based its decision on punitive tariffs on the volume of trade of the 27 EU states excluding Great Britain, resulting in further retaliatory measures against the US. “The EU must take action to correct this injustice, “said the trade representative.
The EU hopes that Donald Trump’s successor in the White House, Democrat Joe Biden, will accept talks on a solution to the subsidy dispute that has been going on for years.
