UK is considering new import tariffs on US wine and chocolate

Published 2021년 5월 24일

Tridge summary

The UK is contemplating increasing tariffs on certain imports from the US, including wine, chocolate, and lobster, in an effort to shield its economy and local businesses from US competition. This move is part of a larger trade dispute between the UK and the US, which is also involving the European Union. The dispute arose from allegations of subsidy practices favoring aircraft manufacturers Airbus and Boeing. Despite the ongoing trade tensions, both the EU and the US are willing to negotiate a resolution to restart their strained relationship.

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

Original content

The United Kingdom wants to increase tariffs on the import of wine, chocolate and lobster from the United States. This is how the British want to protect their economy and local businesses. The trade dispute between the two countries escalates further, while the European Union and the US are trying to resolve their mutual trade dispute. The British did indicate that they prefer to resolve the dispute with the United States. If successful, the new charges will not be implemented. Last week it became clear that the EU and the US are meeting to resolve the trade war. New measures are temporarily suspended and the two economic superpowers want to "restart" their relationship before the end of the year, said European Commission Vice-President Valdis Dombrovskis. In June, the EU would implement the planned tariff increase for American products such as bourbon, jeans and Harley-Davidson motorcycles, but that will not happen for the time being. The trade dispute between the EU and the US ...

Source: Nu