USTR Official: US will impose retaliatory tariffs on EU imports

US Treasury Official spokesman has said that the US will impose retaliatory tariffs of 10% on EU aircraft, 25% on agricultural, industrial goods in WTO aircraft subsidies case.

Additional information

• 10% US tariff on EU aircraft will not apply to aircraft parts.
• To announce list of EU goods later today that will be subject to retaliatory tariffs, declines to provide the total amount of imports affected- intends for tariffs to take effect on Oct 18th.
• US willing to negotiate with EU to settle aircraft case but past EU offers insufficient to end subsidies-.
• Hopes imposition of tariffs will lead to a negotiated settlement to end EU subsidies.
• US would be prepared to respond if EU invokes past WTO tariff authority to retaliate.

This follows reports that the US has requested emergency meeting of WTO dispute body Mid - Oct – RTRS sources

• Signals fast tariffs on EU goods.