BRUSSELS (AFP) - The European Commission expressed concern on Wednesday (June 24) at a US threat to impose punitive taxes on European imports over a dispute over US aircraft makers Boeing and Europe's Airbus.. Read more at straitstimes.com.
BRUSSELS - The European Commission expressed concern on Wednesday at a US threat to impose punitive taxes on European imports over a dispute over US aircraft makers Boeing and Europe's Airbus.
The USTR document listed products from France, Germany, Spain or Britain, ranging from olives to decaffeinated coffee, as possibly subject to the new tariffs."It creates uncertainty for companies and inflicts unnecessary economic damage on both sides of the Atlantic. "By potentially targeting new products, the US is increasing this damaging impact due to the cost of new disruptions to supply chains for the product potentially subject to new duties," said the spokesman.Washington and Brussels have been squabbling for years over government subsidies to Airbus, and in 2019 the World Trade Organisation authorised the US to impose up to 100 percent in taxes on US$7.5 billion in European goods.
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