UP

U.S. hit EU tariffs of 10% on aircraft, 25% on other goods

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The United States will impose 10% tariffs on aircraft and 25% on other industrial and agricultural products from the European Union as part of a World Trade Organization penalty award in a long-running aircraft subsidy case, an official with the U.S. Trade Representative’s office said on Wednesday.

Axar.az reports citing Reuters.

The aircraft duty, however, will not apply to aircraft parts, the official told reporters on a conference call, sparing Airbus’ (AIR.PA) production in Alabama from higher costs, as well as Boeing Co’s (BA.N) use of European parts in its U.S. production.

The tariffs are expected to take effect on Oct. 15, the official said. He did not specify the total amount of EU goods to face tariffs. The WTO allowed the EU on Wednesday to slap import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus.

Date
2019.10.03 / 10:23
Author
Axar.az
Comments
See also

Oil rose again

The price of oil today

Forecast of the world economy from the IMF

Oil rose again

Oil started the week with this price

Azerbaijani oil price increases

Oil became more expensive

Oil started the week with this price

The dollar fell in Turkiye

Baku oil is approaching 95 dollars

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla