EU Imposes 25% Tariffs on Seafood Products; NFI Releases Statement
In October the World Trade Organization (WTO) ruled that the European Union could impose tariffs on imported products from the U.S. as countermeasures against illegal U.S. subsidies to aircraft maker Boeing. Now, the European Commission has increased tariffs on U.S. exports into the EU worth $4 billion.
The issue at hand stems from the U.S. not taking appropriate action to comply with WTO rules on subsidies. Despite a ruling, the EU claims that the U.S. "continued its illegal support of its aircraft manufacturer Boeing to the detriment of Airbus...
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