EU to impose additional tariffs on „Made in USA” products

The European Union will impose additional tariffs on American products, European Commission Vice President Valdis Dombrovskis announced on Monday, AFP and DPA reported.

On October 26, the World Trade Organization (WTO) formally authorized the European Union to impose additional tariffs on US products worth nearly four billion dollars (3.37 billion euros).

Europe has already prepared a long list of US products that could be targeted by the new tariffs, a list that includes airplanes, wines, spirits, tractors, frozen fish and frozen orange juice.

Last month’s WTO decision, to the benefit of the EU, comes about a year after the institution granted the US the right to impose additional tariffs on European products worth $ 7.5 billion, due to illegal subsidies granted by the European Union to Airbus.

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