The European Union has imposed countermeasures against many exports from the United States that it was awarded by the World Trade Organization (WTO) in lieu of illegal U.S. subsidies granted to aircraft-maker Boeing.
With the countermeasures agreed by E.U. member-states, the European Commission’s regulation increasing tariffs on U.S. exports into the E.U. worth USD 4 billion (EUR 3.4 billion) will be published in the Official Journal of the E.U.
The commission’s preliminary list had covered a range of U.S. goods, including some 42 different U.S. seafood products. Additional tariffs of 15 percent have now been placed on aircraft, alongside additional tariffs of 25 percent on a range of agricultural and industrial products imported from the states…