US Proposes Tariffs on $11 Billion of EU Products

Washington: The US is considering to impose tariffs on about $11 billion of goods from the European Union in response to the bloc’s subsidies for European aircraft manufacturer Airbus.

The United State has been in litigation at the World Trade Organization (WTO) over Airbus subsidies since 2004 and said it was releasing a list of items proposed for tariffs in anticipation of a ruling soon from the WTO, the Wall Street Journal reported. Aircraft and cheese are among the products that could be hit by tariffs, United State Trade Representative (USTR) Robert Lighthizer said on Monday. The move would mark an escalation in trade tensions between the US and the EU. (IANS)

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