The European Union Announced That It Would Impose Tariffs On No More Than US $3.99 Billion On US Exports To Europe

Xinhua news agency, Brussels, November 9 (reporter Li Jizhi) - the European Commission announced on the 9th that it would impose tariffs on us products exported to Europe of no more than US $3.99 billion, which will take effect from the 10th.

The European Commission announced on the same day that the European Union would impose a 15% tariff on aircraft and parts imported from the United States and a 25% tariff on a series of agricultural and industrial products due to the US illegal subsidy to Boeing. The strength of the measure is commensurate with the U.S. punitive measures against the European Union, making both sides on an equal footing, the announcement said.

The executive vice president of the European Commission, Valdez dongbrovskis, said that the EU is willing to resolve the dispute over aviation subsidies, but because the United States has not acted in the opposite direction, the EU can only implement countermeasures.

He said the two sides should quickly resolve the dispute and abolish the mutual tariff increase is beneficial to both sides, especially when the new epidemic situation has caused serious damage to the economy.

The dispute over aviation subsidies between the United States and Europe began in 2004. The World Trade Organization has ruled that both the United States and the European Union have the problem of providing illegal subsidies to their respective aviation enterprises. In October last year, the WTO authorized the United States to take retaliatory measures such as imposing tariffs on about $7.5 billion of EU goods and services exported to the United States every year. In October this year, the WTO officially authorized the EU to impose tariffs on no more than US $3.99 billion on goods and services from the United States. (end)