|
|
The United States Trade Representative (USTR) has completely suspended the punitive tariffs on wine and spirits from France, Spain and Germany for an initial period of four months. This follows four months of negotiations between EU Commission President Ursula von der Leyen and US President Joe Biden. The 25 percent import tariff was introduced by the Trump administration due to the unresolved subsidy dispute between the aircraft manufacturers Boeing and Airbus. New negotiations are expected to settle the dispute in the next four months. It is still open what will happen if this does not succeed.
The German Federal Minister of Agriculture, Julia Klöckner (CDU), expressed relief at the suspension: "The US punitive tariffs have led to major losses for many domestic businesses in the agricultural and food sector. They were dragged into a conflict over aircraft subsidies through no fault of their own, but can now breathe a sigh of relief: it is a good signal that the EU and the USA have agreed to suspend the mutually imposed punitive tariffs."
(uka / Photo: German Wine Institute)