EU: Countermeasures against United States in large civilian aircraft dispute
EU countermeasures against United States
The European Commission (EC) today issued a release with regard to a regulation that imposes increased tariffs on U.S. exports into the European Union (EU) having a value of $4 billion. The regulation will be effective when published in the official journal of the EU on November 10, 2020.
The Dispute Settlement Body of World Trade Organization (WTO) in October 2020 formally authorised the EU to take countermeasures against the United States in the large civilian aircraft dispute.
Today’s EC release announces the following countermeasures:
- Additional tariffs of 15% on aircraft
- Additional tariffs of 25% on a range of agricultural and industrial products imported from the United States
Read a list of products that are subject to additional customs duties.
These tariffs mirror the countermeasures imposed by the United States in the context of the WTO case on subsidies in the large civilian aircraft dispute. Today’s EC release states that the countermeasures bring the EU on an “equal footing” with the United States.
Read a November 2020 report prepared by the KPMG member firm in Switzerland
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
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John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby |
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