+3 C°
Traffic jam:   0

10 November The EU will introduce duties on goods from the USA

10 November 2020
2 min.
10 November The EU will introduce duties on goods from the USA

Fine duties on goods

Against the backdrop of many years of conflict with the United States over subsidies to Boeing and Airbus aircraft manufacturers, the European Union will impose penalties on American products. On Monday, 9 November, the Vice-President of the European Commission, Valdis Dombrovskis, said before the videoconference of the EU Ministers of Trade: "The European Commission has already received such permission from the World Trade Organisation (WTO); and now we will do it".

According to him, the new duties will come into force on Tuesday, 10 November. At the same time the Deputy Chairman of the European Commission stressed that Brussels is still "certainly" open for the settlement of the conflict through negotiations. He also noted that the European Commission is ready to suspend or cancel the duties at any time if America stops or cancels its duties. At the same time, according to Dombrovskis, no such signals have been received from Washington so far.

Thus, Brussels decided not to wait for US President-elect Joe Biden to take office and for a possible change of course in trade policy, because in this area Donald Trump's successor is also considered to be a supporter of protectionism.

The WTO has allowed the EU to impose penalties against America

In mid-October, the WTO allowed the EU to impose penalties on goods imported from the USA in the amount of USD 4 billion (EUR 3.4 billion) per year. This measure is adequate for the "bad effects" caused by the illegal subsidy by the US authorities to the American airline company Boeing, the organisation's decision states.

The dispute over government aid to Boeing Corporation and its European competitor, Airbus Concern, has lasted for over 16 years. As a result, the WTO recognised some subsidies as unacceptable for both aircraft manufacturers. In 2019, the organisation allowed the USA to levy duties on European goods and services for a total amount of approximately 7.5 billion euros. Airbus aircraft were affected, as were wine, cheese and olive oil.

Persons3 and Companies3 in the news

Executive Vice President of the European Commission
1 place
46th President of the United States
2 place
45th President of the United States
3 place
2 place
3 place


Rating companies
52 Mention
51 Mention
49 Mention
46 Mention
Dow Jones
40 Mention
38 Mention
White House
31 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director