The United States (US) Trade Representative (USTR) published, on 6 December 2019, a notification announcing a review of actions taken on European Union (EU) origin goods subject to punitive tariffs under the Section 301 investigation pertaining to the EU Large Civil Aircraft Subsidies dispute. Proposed actions include the addition of 365 new tariff codes to be subject to punitive tariffs of up to 100%, as well as increased tariffs on products that are currently subject to punitive tariffs up to 100%. The announcement follows a 2 December USTR press release alerting that further actions may be considered after a World Trade Organization (WTO) compliance panel rejected an EU claim that recent changes to subsidies provided to civil aircraft and aircraft parts producers brought the EU into compliance with WTO rules.
Source EY
Latest Posts in "European Union"
- Blog: ViDA, E-Invoicing & E-Reporting mandates in the EU: Let’s End the Fragmentation Before It Starts
- CJEU Upholds Fixed VAT Default Interest, Rejects Proportionality Challenge in Lithuanian Case
- EU Reconsiders Reduced VAT Rates Amid Rising Fiscal Costs and Questionable Social Benefits
- EU Reaches Provisional Agreement to Strengthen Fight Against Cross-Border VAT Fraud
- EU Approves New VAT Data-Sharing Law to Strengthen Cross-Border Anti-Fraud Efforts
