U.S. To Maintain 25% Tariffs on European Goods

Despite considerable opposition, the U.S. Trade Representative (USTR) on Aug. 12 decided to keep the 25% tariffs on European goods that it implemented this past October. The tax on certain EU wines, cordials and whiskeys stem from an ongoing World Trade Organization Airbus/Boeing dispute. The USTR at least declined—for now—to impose more tariffs on more goods from Europe, such as vodka, gin and beer. But the outlook is grim if the aircraft dispute is not…

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