The U.S. to impose tariffs on European exports
A senior U.S. Trade Representative official said on Wednesday that the United States would impose tariffs on $7.5 billion worth of European exports starting October 18.
Earlier, the World Trade Organization (WTO) ruled that the US could impose tariffs goods coming from the EU nations as the bloc had missed complying with the ruling about government subsidies for Airbus.
If the U.S. government pushes through the imposition of tariffs, the EU nations might resort to retaliating. According to an EU official, the bloc had shared proposals with the U.S. in July regarding aircraft subsidies, but the U.S. is yet to respond.
“Our readiness to find a fair settlement remains unchanged. But if the U.S. decides to impose countermeasures, it will be pushing the EU into a situation where we will have no other option than do the same,” said EU Trade Commissioner Cecilia Malmstrom.