© Reuters. FILE PHOTO: A glass of French red wine is displayed at the Chateau du Pavillon in Sainte-Croix-Du-Mont,
WASHINGTON (Reuters) -U.S. trade officials said on Wednesday they were increasing tariffs on certain European Union products, including aircraft-related parts and wines from France and Germany, amid an ongoing civil aircraft dispute between Washington and Brussels.
In a statement, the Office of the U.S. Trade Representative said it was adding tariffs on aircraft manufacturing parts and certain non-sparkling wines as well as cognacs and other brandies from France and Germany.
The USTR did not say when the tariffs would take effect but noted that additional details would be “forthcoming.”
The new tariffs are the latest action in the 16-year U.S.-EU dispute over civil aviation subsidies involving European aircraft company Airbus SE (OTC:) and its U.S.-based rival Boeing (NYSE:) Co.
The USTR said on Wednesday the EU had unfairly calculated tariffs against the United States allowed by a September World Trade Organization ruling in the ongoing dispute: “The EU needs to take some measure to compensate for this unfairness.”
Representatives for the European Union could not be immediately reached for comment on the USTR action.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.