The United States vs European Union trade war has heightened after the US imposed 10% tariffs on European-made Airbus planes and 25% tariffs on French wine, Scotch and Irish whiskies, and cheese from across the continent of Europe.
The new tariffs were as a result of the World Trade Organization giving Washington a go-ahead to impose tariffs on $7.5 billion worth of EU goods annually.
As reported by Reuters, the tariff imposition will begin on 18th October and will affect Airbus planes made in France, Britain, Germany and Spain, Spanish olives, British sweaters and woollens, German tools and coffee, British whisky, French wine and Cheese.
“The WTO has confirmed that the United States is entitled to impose countermeasures in response to the EU’s illegal subsidies,” U.S. Trade Representative Robert Lighthizer said in a statement.
However, no tariffs will be imposed on EU-made aircraft parts used in Airbus’ Alabama assembly operations or those used by Boeing.