US to raise tariffs on French and German wines

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The price of European wines could soon bubble up.

US trade officials on Wednesday said they would be raising tariffs on certain European Union products, including non-sparkling vino, cognacs and other brandies from France and Germany.

The Office of the U.S. Trade Representative did not provide a value for the additional tariffs, which also affect aircraft manufacturing parts. It also didn’t say when they would go into effect.

The duties increase is part of a long-running dispute between the US and EU over subsidies involving European aircraft company Airbus SE and its American-based rival Boeing Co.

Last year, the Trump administration imposed tariffs, authorized by the World Trade Organization, on about $7.5 billion in imports from the EU and UK, including a 25 percent tax on French wine.

In November, the EU levied tariffs on about $4 million in US imports, also allowed by the WTO.

But US officials on Wednesday said the EU had unfairly calculated the tariffs and that it “needs to take some measure to compensate for this unfairness.”

With Post wires

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