The United States Is Considering Raising Taxes On More EU Products Or Raising It To 100%.

According to a European Union News Agency quoted by the European network, according to a list released recently by the office of the United States trade representative, the United States is considering a tariff of up to 100% on European products previously excluded by the Trump administration.


According to the US consumer news and business channel (CNBC), the office of the United States trade representative recently released a list of relevant European products that are considering tariffs.


It is reported that the office of the United States trade representative seems to be seeking advice on whether to raise the tax rate of these commodities to 100% and add some of the commodities excluded from the final list of the White House in October. The newly added products are taxed at a rate of up to 100%.


Among the many new products that are considering tax increases, they include European spirits such as whisky and Cognac brandy. Other commodities that are considered to impose the highest 100% tariffs include Spanish olive oil, French cheese, German knives and Portuguese steak.


Trevor Sterling, an analyst with global investment management company, associated with Bo group, said the list may include mixed whisky and Cognac brandy once again, which were excluded from the final list of October. In fact, it was a past bullets for the liquor companies, and now the threat is coming again.


Stryn said, "this is a thorough rescheduling, and we see potential and rising tariffs. We stressed this possibility two months ago."


Earlier this year, the US Trade Representative Office released a list of European commodities worth more than $10 billion, hoping to express its dissatisfaction with the EU's "illegal" subsidy to Airbus. In October, Washington took further action to impose a 10% tariff on large European civil aircraft and impose a 25% tariff on European agricultural products.


The report pointed out that the United States has long demonstrated that the EU's subsidy to Airbus Company has damaged the interests of the US aircraft giant Boeing, and the EU's efforts to comply with WTO's previous ruling on subsidies are far from enough.


The complaint also represents part of the broader White House campaign to reduce trade deficits. Beginning with a general tax on imported steel and aluminum, the US government has sought to achieve new and more favourable trade agreements by using tariffs and quotas.


In addition, after deciding that the new French digital service tax would damage the American Technology Corp, the US government said last week that it might impose tariffs of up to 100% on the $2 billion 400 million product imported from France.


It is reported that the public opinion on the new tariff of the office of the United States trade representative is due to be held in January 13, 2020.