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US threatens €3.5bn extra tariffs on EU produce over aircraft subsidy dispute

US threatens €3.5bn extra tariffs on EU produce over aircraft subsidy dispute
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By Rachael Kennedy
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The US Trade Representative (USTR) has revealed a list of EU produce that could be slapped with extra trade tariffs in response to a long-running dispute over aircraft subsidies.

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Produce from the EU being exported to the US could be facing additional tariffs costing billions of euros, according to a US government statement released on Monday.

The US Trade Representative (USTR) threatened the extra duties on EU produce, saying it was in response to a long-running dispute on subsidies placed on large passenger aircraft.

There were 89 "subheadings" of products listed for the potential new tariffs, which the USTR estimated to be worth $4bn (€3.5bn).

This comes in addition to a list published in April, of which the extra tariffs were estimated to be worth $21bn (€18.5bn).

"USTR is adding to the initial list with the supplemental list in response to public comments and additional analysis," the department said.

Items on the list published on Monday included:

  • Hams

  • Pork sausages

  • Milk

  • Dairy spreadables

  • Cheese - gouda, edam, romano, reggiano, provolone, blue-veined cheese, parmesan, etc

  • Olives

  • Fruit

  • Coffee

  • Pasta

  • Waffles and wafers

  • Mixed condiments and mixed seasonings

  • Whiskeys

WATCH: Euronews business editor, Sasha Vakulina's report on the new EU tariffs threat:

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