Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->US floats tariffs on $11bn of EU productsYou are the 629872 visitors
Views:516   |   recommendation:   |   Votes:0   |   Discuss:0
US floats tariffs on $11bn of EU products

The US is floating the idea of slapping tariffs on $11bn (£8.4bn) worth of products from the European Union.

The move, which would escalate trade tensions between the US and EU, is a retaliation to European aircraft subsidies after the World Trade Organisation (WTO) said that the subsidies have an adverse impact on the US.

Late on April 8, the US Trade Representative (USTR) delivered a proposed list of goods that could be hit by the tariffs. The list include everything from cheese to salmon fillets, and wine to helicopters. The USTR said that the value of the products that are proposed to be hit by tariffs is subject to an arbitration at the WTO. It will take several months to come to a conclusion.

“This case has been in litigation for 14 years, and the time has come for action. The Administration is preparing to respond immediately when the WTO issues its finding on the value of US countermeasures,” said US trade representative Robert Lighthizer in a statement.

“Our ultimate goal is to reach an agreement with the EU to end all WTO-inconsistent subsidies to large civil aircraft. When the EU ends these harmful subsidies, the additional US duties imposed in response can be lifted.”

President Donald Trump’s administration has been embroiled many trade wars across the globe.

The proposed US tariffs would be imposed in addition to existing levies on European products. The world’s most influential executives told Yahoo Finance UK that this is the single biggest threat to the global economy in 2019.

It began in 2018 when the US started slapping tariffs on the imports of steel and aluminium from a number of countries, including the EU. The 28-nation bloc responded by imposing levies on €2.8bn worth of US goods in June later that year. In March this year, Trump threatened more tariffs on the bloc’s goods, including that on cars imported from the EU.

Source: Yahoo

2019/4/15 16:08:00

Previous:    German car production tumbles in second half of 2018
        Next:    Commercial use of 3D printing picks up speed

Recent Related News
Over 600 U.S. firms urge Trump to solve China trade dispute--2019-06-14
How Trump Tariffs on China and Mexico Could Hurt U.S. Economy--2019-06-10
Trump’s tariff threat to Mexico may upend trade deal, undermine the economy--2019-05-31
U.S. agrees to lift metal tariffs on Canada, Mexico--2019-05-21
US raises tariffs on $200bn of Chinese goods, incl. fasteners--2019-05-10
Europe threatens tariffs on American ketchup, cheese and fish over Boeing subsidies--2019-04-19
U.S. Cutting Tool Consumption Up 8 Percent In February--2019-04-12
Canada Launches Re-investigation on Carbon Steel Fasteners from Mainland China and Taiwan--2019-04-11
U.S. Department Of Commerce Initiates Antidumping Duty and Countervailing Duty Investigations of Imports of Carbon and Alloy Steel Threaded Rod from China, India, Taiwan, and Thailand--2019-03-28
U.S. Cutting Tool Consumption Up 13.4 Percent in January--2019-03-19
U.S. ITC Launches Antidumping and Countervailing Duty Investigations Against Carbon and Alloy Steel Rod from China, India, Taiwan and Thailand--2019-03-06
ITAC Announces Final Results on Imported Hexagon Screws--2019-03-06

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener6fastener

Fastener Trade Show Suzhou



China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•METALTECH, May 15-18, 2019, Malaysia

•IT BY FERROFORMA, Jun 4-6, 2019, Bilbao, Spain

•Fastener Fair Mexico, Jun 19-20, 2019, Mexico City, Mexico



Show Room



Offer Product

Latest News
• Japan's Fastener Production Value Hits Record High

• Over 600 U.S. firms urge Trump to solve China trade dispute

Buyers' Guide
Company News

• Dongtai Huawei to Exhibit at Vietnam International Exhibition on Hardware & Hand Tools 2018

• Based on R&D, Dongtai Huawei Offers Fasteners for Special Requirements

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener