U.S. may impose new tariffs on European goods worth $3.1 billion

the administration of the President of the United States Donald trump is considering the introduction of new duties on European goods at a cost of approximately $3.1 billion Euro per year as the next step in the dispute with the European Union on the issue of subsidizing airlines.

This can lead to large-scale transatlantic trade war, Bloomberg reported.

According to the Agency, the office of the U.S. trade representative published a preliminary list of 30 types of goods that may fall under the new duties. The list includes olives, coffee, chocolate, confectionery and alcoholic drinks. In addition, it is proposed to increase the tariffs for European goods that are now available.

there are products of France, Germany, Spain and the UK. If the duties are imposed, it will affect the European luxury brands in particular Givenchy, LVMH Moet Hennessy Louis Vuitton and Hermes, as well as the producers of alcohol Remy Cointreau, Pernod Ricard and Diageo. In addition, tariffs may affect German beer.

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