• By The Financial District

U.S. SLAPS HIGHER TARIFFS ON FRENCH, GERMAN WINES, AIRCRAFT PARTS

US trade officials said they were increasing tariffs on certain European Union (EU) products, including aircraft-related parts and wines from France and Germany, amid an ongoing civil aircraft dispute between Washington and Brussels, Susan Heavey reported for Reuters.

The Office of the US Trade Representative (USTR) said it was adding tariffs on aircraft manufacturing parts and certain non-sparkling wines as well as cognacs and other brandies from France and Germany.


The USTR did not say when the tariffs would take effect but noted that additional details would be “forthcoming.”


The new tariffs are the latest action in the 16-year US-EU dispute over civil aviation subsidies involving European aircraft company Airbus SE and its US-based rival Boeing Co.


The USTR said the EU had unfairly calculated tariffs against the US allowed by a September World Trade Organization (WTO) ruling in the ongoing dispute:


“The EU needs to take some measure to compensate for this unfairness.”



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