Skip to content
Magazine
Tuesday, August 5, 2025
SUBSCRIBE
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
  • About Us
  • Belgium News
    • Belgium Police News
    • Brussels News
  • EU Institutions News
    • European Commission News
    • European Parliament News
    • European Council News
  • Europe News
  • World News
  • Belgium Business News
  • Culture and Society News
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
SUBSCRIBE

EU to impose tariffs on US goods worth US$ 4 billion

Shiva Singh by Shiva Singh
8 November 2020
in World News, Features

Brussels (Brussels Morning) The EU is planning to impose retaliatory tariffs on US$ 4 billion of US imports over subsidies for the Boeing aerospace company, according to unnamed EU diplomats, Reuters reported on Friday. A majority of EU member states have expressed support for the tariffs which EU trade ministers are to discuss later today, Monday.

The World Trade Organisation (WTO) authorised the move last month. Brussels views the tariffs as leverage that could end the dispute between the bloc and the US that dates back to 2004. US Trade Representative Robert Lighthizer warned last month that EU tariffs would force a US response, while President Donald Trump threatened to strike back harder.

The Trump administration still has time to increase US tariffs on the EU that were first put in place in response to EU subsidies for Airbus. At end of 2019, the US introduced tariffs on Airbus aircraft and other products from the EU, including cheese, olives and single-malt whiskey. An unnamed EU diplomat has predicted that the retaliatory tariffs will be imposed on Tuesday or Wednesday.

The US claims the EU has no legal basis to impose tariffs, stressing that the cited Boeing subsidies have been repealed. Meanwhile, the EU insists that only the WTO can decide on the issue, and points out that the trade organisation approved EU sanctions last month. Both sides accuse one another of violating WTO rulings and are believed to be looking to strengthen their respective positions before the start of probable negotiations.

According to unnamed diplomats, EU tariffs will target US airplanes and parts, farm produce, some strong alcoholic beverages, construction equipment and more. The European Commission has noted that it is working on the fine details of retaliatory tariffs in case no agreement can be reached with the US.

The US has been authorised to impose tariffs on some US$ 7.5 billion of EU goods, but has not used up the full quota and could therefore raise existing duties on EU goods or add items to the list. An unnamed senior US source pointed out that President Trump is unlikely to feel constraint about possible expansion of US tariffs, regardless of the outcome of the presidential election.

US Distilled Spirits Council CEO Chris Swonger warned that EU tariffs on strong alcoholic beverages would present an additional blow to the industry which has already suffered a 41-percent decline in whiskey exports to the EU in the wake of earlier EU tariffs. Producers from the EU have expressed similar concerns about US tariffs, with both EU and US politicians coming under pressure to prevent the aerospace tariff feud from spilling over to other industry sectors.

SOURCE

Tweets by Boeing
Tweets by wto
Tweets by realDonaldTrump
Tweets by Airbus
Tweets by EU_Commission

Related News:

  • EU opts for tariffs on US goods, calls for de-escalation
  • EU Parliament Renews Suspension Of Import Tariffs On Ukrainian Agricultural Goods
  • Italy prepares aid to companies worth €7 billion
  • Commission approves French, German government aid worth €4.1 billion
Tags: retaliatory tariffs
Next Post

Ireland takes first place as principled donor

Latest post

EU-elections-UK

EU elections: UK looks on from the “outside”

1 year ago
Galeries-Royales-Saint-Hubert

What Makes Galeries Royales Saint-Hubert an “Institution”?

1 year ago

Most Read

    Follow Brussels Morning
    Facebook Twitter Youtube Linkedin

    Browse Important News

    Belgium News
    Brussels News
    Culture and Society News
    Economy News
    EU Institutions News
    European Commission News
    European Council News
    European Parliament News
    Europe News
    Health And Fitness News
    Southeast Europe News
    Sustainable Perspective
    World News
    Diplomacy News
    US Elections News

    About Us

    Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

    More Info

    • About Us
    • Advertise With Us
    • Contact Us
    • Cookies Policy

    Join Our Newsletter

    Brussels Morning Newspaper – All Rights Reserved © 2024

    No Result
    View All Result
    • Home
    • About Us
    • Belgium News
      • Belgium Police News
      • Brussels News
    • Brussels Bubble
      • European Parliament News
      • European Commission News
      • European Council News
    • Wider Europe
      • Member States
    • World News
    • Business & Society
    • Europe With Transparency
    • Culture & Society
    • Policy Talks
      • Place de la Bourse
      • The Macro-Economist
      • Sustainable Perspective
      • Ambassador’s Corner
      • The American Angle
      • Southeast Europe
    • Print Magazine

    Brussels Morning Newspaper - All Rights Reserved © 2020

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT