UP

Britain and France worst hit by US tariffs

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

According to a report by the Foreign Trade Institute in New York (ICE), France and the UK will be the hardest hit member states by US retaliatory tariffs.

Axar.az reports citing NewEurope that according to the ICE report, the brunt of the tariffs would be borne by France (27.7%), the UK (25.9%), followed by Germany (19.8%), Spain (11.2%), Italy (6.4%) and Ireland (6.4%). The report used 2018 figures, projecting them to 2019.

The value of imports affected would be “much lower” than the four countries in the Airbus consortium, France, UK, Germany, and Spain.

Tariffs are countermeasures for state subsidies towards Airbus. They are introduced following a World Trade Organization (WTO) ruling that determined Airbus indeed benefited from state subsidies. WTO is preparing to rule on tariffs the EU can impose in retaliation to US state aid given to Boeing.

Date
2019.10.09 / 12:38
Author
Axar.az
See also

Oil prices edge down on global markets

Oil prices slightly up

Oil prices keep climbing

Oil prices rise again

Oil prices keep falling on global markets

Oil prices dip slightly on global markets

Oil prices dip slightly on global markets

Global oil prices see slight increase

Oil prices keep falling globally

Oil prices tumble on global markets

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