{"id":1035,"date":"2021-01-01T18:02:58","date_gmt":"2021-01-01T18:02:58","guid":{"rendered":"https:\/\/amnewsworld.com\/?p=1035"},"modified":"2021-01-01T18:02:58","modified_gmt":"2021-01-01T18:02:58","slug":"eu-regrets-new-us-tariffs-on-german-french-products","status":"publish","type":"post","link":"https:\/\/www.amnewsworld.com\/fi\/eu-regrets-new-us-tariffs-on-german-french-products\/","title":{"rendered":"EU &#8216;regrets&#8217; new US tariffs on German, French products"},"content":{"rendered":"<p><strong>The European Commission says it will seek a solution with the incoming Biden administration to the ongoing row with Washington over subsidies. The new US tariffs apply to wine and aircraft components.<\/strong><\/p>\n<p>The European Commission said Thursday it &#8220;regrets&#8221; the US decision to slap more tariffs on French and German products as part of a spat over aircraft manufacturers Airbus and Boeing.<\/p>\n<p>Brussels accused Washington of\u00a0&#8220;unilaterally&#8221; disrupting ongoing talks and said it would seek a solution to the row with the incoming Biden administration.<\/p>\n<p>Earlier, US trade officials\u00a0announced plans to impose additional tariffs amid the ongoing row over\u00a0subsidies between the US and EU.<\/p>\n<p>&#8220;Aircraft manufacturing parts &#8230; certain non-sparkling wine &#8230; and certain cognac and other grape brandies from France and Germany&#8221;\u00a0will be subject to the new\u00a0measures, the Office of the US Trade Representative (USTR) said in a statement.<\/p>\n<p>The USTR did not say when the tariffs would take effect, but noted that additional details would be &#8220;forthcoming.&#8221; The new tariffs mark the latest move in a\u00a016-year US-EU dispute over civil aviation subsidies involving European aircraft company Airbus SE and its US-based rival Boeing.<\/p>\n<div class=\"col3 right\">\n<div class=\"standaloneWrap\">\n<div class=\"imgTeaserL video\" data-media-id=\"56061099\">\n<div class=\"mediaItem\" data-media-id=\"56061099\">\n<div class=\"teaserContentWrap information\">\n<h4>EU nations begin assessing Brexit trade deal<\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h4>EU &#8216;unfairly calculated tariffs&#8217;<\/h4>\n<p>The USTR\u00a0said the EU had unfairly calculated tariffs against the US\u00a0following a World Trade Organization (WTO) ruling earlier this year.<\/p>\n<p>That ruling\u00a0allowed the EU in November to impose\u00a0punitive tariffs on US imports,\u00a0amounting to almost \u20ac3.4 billion ($4 billion) a year, in retaliation for\u00a0unjust\u00a0aircraft subsidies.<\/p>\n<p>The US government has now accused Brussels of making unfair decisions:\u00a0&#8220;The EU must take action to redress this injustice,&#8221; the USTR said.<\/p>\n<blockquote><p>&#8220;In implementing its tariffs \u2026 the EU used trade data from a period in which trade volumes had been drastically reduced due to the horrific effects on the global economy from the COVID-19 crisis,&#8221;\u00a0the statement said.<\/p><\/blockquote>\n<p>The result was that Europe placed tariffs on many more products than if it had &#8220;utilized a normal period&#8221;\u00a0to calculate them, the office added.<\/p>\n<blockquote><p>\u201cHowever, in order to not escalate the situation, the United States is adjusting the product coverage by less than the full amount that would be justified utilizing the EU\u2019s chosen time period.&#8221;<\/p><\/blockquote>\n<p><em>AmNews\/DW.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The European Commission says it will seek a solution with the incoming Biden administration to the ongoing row with Washington over subsidies. The new US tariffs apply to wine and aircraft components. The European Commission said Thursday it &#8220;regrets&#8221; the US decision to slap more tariffs on French and German products as part of a<\/p>","protected":false},"author":1,"featured_media":1036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_1160854738579181570_1160854738579181570":"","facebook_3558452337540614_100649324928663":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16,27,41,23],"tags":[],"class_list":{"0":"post-1035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-europe","9":"category-market","10":"category-world-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU &#039;regrets&#039; new US tariffs on German, French products | Amnewsworld<\/title>\n<meta name=\"description\" content=\"The European Commission says it will seek a solution with the incoming Biden administration to the ongoing row with Washington over subsidies. 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