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U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official

WASHINGTON (Reuters) – The United States will impose 10% tariffs on aircraft and 25% on other industrial and agricultural products from the European Union as part of a World Trade Organization penalty award in a long-running aircraft subsidy case, an official with the U.S. Trade Representative’s office said on Wednesday.

The aircraft duty, however, will not apply to aircraft parts, the official told reporters on a conference call, sparing Airbus’ (AIR.PA) production in Alabama from higher costs, as well as Boeing Co’s (BA.N) use of European parts in its U.S. production.

Read more at Reuters

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