BRUSSELS (Reuters) – Planes, tractors, food and handbags featured on a list of U.S. imports worth $20 billion that the European Union said on Wednesday it could hit with tariffs in a transatlantic aircraft subsidy dispute.
The 28-nation bloc said this week it was ready to open negotiations with the United States to cut industrial duties, but has now detailed plans that could lead to a new tit-for-tat trade conflict between the two global powers.
Transatlantic tensions were enflamed again on Wednesday when Washington said it would end a ban against U.S. citizens filing lawsuits against foreign companies operating in Cuba, with EU firms seen among the targets.
The two sides have been battling for almost 15 years at the World Trade Organization over subsidies given to U.S. planemaker Boeing and its European rival Airbus.
Washington last week issued a seven-page list of EU products to target for tariffs, from large aircraft to dairy products and wine, to counteract $11 billion of harm it says EU subsidies for Airbus have caused.
Brussels has responded with its own list of some $20 billion worth of U.S. imports, also including planes and wine.
The 11-page list also features a diverse range of agricultural produce from dried fruit to ketchup, as well as frozen fish, tobacco, handbags, suitcases, tractors, helicopters and video game consoles.
It is now open to a public consultation until May 31 and could then be revised.
Both sides have said they would prefer a settlement that did not lead to the imposition of tariffs.Read More
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