United States: duties are triggered against EU wine, it is the last act

Published 2021년 1월 11일

Tridge summary

The article highlights the imposition of additional US tariffs on European Union products, including aircraft production parts from France and Germany, and various alcoholic beverages, effective from January 12, 2021. This action is in response to EU tariffs on US products, triggering a escalation in the trade dispute between the EU and the US, particularly regarding subsidies to the aeronautical sector. Notably, Italian wine is not subject to these new tariffs, although there is concern over potential US retaliation against Italian agri-food exports, which are valuable to the US market. The article calls for a constructive dialogue between the EU and US to resolve these trade disputes, especially in the context of the pandemic's economic impact.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

US duties are triggered against European Union products with new additional US tariffs on the import of aircraft production parts from France and Germany, French and German wines, cognacs and brandies, which are included in the product list taxed starting from January 12, 2021. Coldiretti announces this in underlining that it is probably the last act on trade by outgoing president Donald Trump responsible for starting the duty policy also towards partner countries. This is - continues Coldiretti - a new chapter in the trade war that pits the European Union against the United States in the dispute over aid to the aeronautical sector involving the American Boeing and the European Airbus on which he also intervened in the WTO authorizing first it uses them and then the EU to apply duties. To provoke the new retaliation - specifies Coldiretti - were precisely the additional European tariffs that came into force on 10 November last on US products of 15% for airplanes that rise to 25% ...

Source: Coldiretti