The Trader 

Market Outlook: US to impose import tariffs on EU exports

The Trader

Retaliating against unfair subsidies given to Airbus, as decided by the WTO, from the 18th October there will be a 10 per cent tax on European aeroplanes bought in the States, 25 per cent on whisky and coffee, tools and machinery also. The list goes on with 25 per cent tax on cheese, olive oil and frozen meat and pork products, though no mention of Prosecco or wine – where the US is the biggest importer by value though not by volume; that accolade goes to Germany.

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