US to Impose Retaliatory Tariffs on EU Products Effective Oct. 18th

The US Trade Representative has announced tariffs of 10% on large civil aircraft and 25% on other products such as certain apparel, cheese, and wine from the European union effective October 18. 2019. The full list of products may be found here.

These duties stem from a 15 year dispute with the EU in the World Trade Organization over Europe’s subsidies to Airbus. The WTO “confirmed that the United States is entitled to impose countermeasures in response to the EU’s illegal subsidies,” according to a statement by the USTR. The statement goes on to say that the USTR has the authority to impose duties of 100%, but is limiting them to 10% and 25% at this time. The US does have the authority to increase the tariffs at any time, or change the products affected.

A formal notice is expected to be published in the Federal Register shortly.