Thursday, November 12, 2020

$4 billion in EU tariffs on jets, farm products etc. to hit Tue.

Starting Tuesday, the European Union will impose tariffs on $3.99 billion in U.S. good annually, including agricultural goods. The move, sanctioned last month by the World Trade Organization, is part of a long-running dispute over airplane subsidies for Boeing and Airbus jets, Laurence Norman and Daniel Michaels report for The Wall Street Journal.

"On Monday evening, the EU said the U.S. products to be targeted with the 25% duty would include tobacco, nuts and seeds, spirits, sauces, soups and syrups, self-propelled shovel loaders, tractors and proteins," Norman and Michaels report.

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