The retaliatory action originally dates back to 2004, when the U.S. filed a case with the WTO, alleging that Airbus — an aerospace corporation jointly owned by France, Germany, Spain and Britain — had received $22 billion in government subsidies. A year later, the EU initiated a counter case, wherein it alleged that Boeing, a direct competitor of Airbus, had received $23 billion in subsidies from the U.S.A.
This round of tariffs will apply to any goods destined for the EU that left the US after 10th November 2020. They apply to a number of goods including:
- Food items (including fresh and frozen fish, fresh and dried fruits and vegetables, cocoa powder and chocolate, nuts and seeds)
- Beverages (including orange juice and grapefruit juice, spirits and alcohol)
- Suitcases and handbags
- Shovel loaders and tractors
- Exercise equipment
Full details can be found HERE.
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