The United States Trade Representative (USTR) last week released a supplementary list of products from the European Union that it is considering applying new duties to in retaliation for the EU’s continued subsidization of Airbus. The new list of 89 tariff lines is in addition to an initial list published in April. Additional ad valorem duties of up to 100% could be added should the USTR decide to proceed with action. A final list will be drawn up from the two lists already published and will take into account the report of the World Trade Organization Arbitrator, due out before the end of this year, to determine the appropriate measure of countermeasures to be employed. The USTR has previously estimated the damage done to the US economy by Airbus subsidies at around $11 billion per year. USTR said it would hold a hearing on the proposed additional products on August 5th, 2019.
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