The Latest: French wine exporters rue ‘hostages’ to US

Business

FILE – This May 6, 2016 file photo shows the logo of the Airbus Group in Suresnes, outside Paris. The World Trade Organization says the United States can impose tariffs on up to $7.5 billion worth of goods from the European Union as retaliation for illegal subsidies to European plane-maker Airbus — a record award from the trade body. (AP Photo/Michel Euler, File)

PARIS (AP) — The Latest on the U.S. decision to put tariffs on EU goods (all times local):

7:30 p.m.

Exporters of French wines and spirits say they rue Washington’s latest decision to impose trade tariffs on European imports.

Federation of French Wines and Spirits Exporters President Antoine Leccia said Thursday he regretted that “a country that increased its wine consumption and French wine imports now adopts such measures.”

Leccia says he hopes negotiations might ease tensions over European Union subsidies for aviation giant Airbus that led the U.S. to adopt the tariffs in retaliation.

He said: “We don’t feel at all initially involved in this litigation, so we feel we are a bit hostages of these retaliatory measures.”

Leccia said the tariffs would increase prices by “$5 to $6 per bottle” and therefore impact sales in the U.S.

___

1:25 p.m.

An influential German industry organization says it’s “disappointing” the U.S. has announced plans to impose tariffs on $7.5 billion worth of European imports in retaliation for illegal European Union subsidies for aircraft maker Airbus.

The Federation of German Industries said Thursday that the tariffs are “legally legitimate” after a World Trade Organization ruling, but “at the same time they are extremely damaging to economic and political relations.”

Organization head Joachim Lang says it is “disappointing that the U.S. is using this situation to escalate” ongoing trade strife, saying it makes a negotiated solution even harder by creating “further, unnecessary, trade tensions.”

He says “there is a risk that many industries on both sides of the Atlantic will find themselves in a lose-lose situation.”

___

1:20 p.m.

The European Union says it regrets the U.S. decision to impose $7.5 billion worth of tariffs on EU products over the bloc’s support for plane-maker Airbus and says the Trump administration is shooting itself in the foot with such a move.

European Commission spokesman Daniel Rosario said Thursday that “this is a move that will first and foremost hit U.S. consumers and companies and will make efforts towards a negotiated settlement more complicated.”

Rosario recalls that the World Trade Organization is due to authorize in coming months possible EU duties in a parallel case after finding that the U.S. was illegally subsidizing Boeing. The EU expects to be able to impose tariffs worth up to $12 billion.

Rosario says that “if the U.S. imposes countermeasures it will be pushing the EU into a situation where we will have to do the same”

He insists the EU “is ready to work together on a fair and balanced solution for our respective aircraft industries.”

___

12:10 p.m.

The French government says the European Union will respond with “retaliatory measures” to the U.S. decision to impose tariffs on a range of the bloc’s exports, from cheese to wine.

Spokeswoman Sibeth Ndiaye told news broadcaster BFM TV on Thursday: “We’ve tried to lessen this commercial tension, but if they are not in the mood for conciliation, obviously Europe will fight back.”

Olives, yogurt, fruit and large aircraft are among the European imports the U.S. plans to hit with tariffs after receiving the go-ahead Wednesday from the World Trade Organization in a case involving illegal EU subsidies for the aircraft giant Airbus.

The targeted imports are worth $7.5 billion. The tariffs, to take effect Oct. 18, will be 10% for EU aircraft and 25% for everything else.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Don't Miss

More Don't Miss

Trending Stories

Turkey Day Giveaway

Days

Hours

Minutes

Seconds

Recent Videos

Mom builds Halloween display for terminally ill son

Thumbnail for the video titled "Mom builds Halloween display for terminally ill son"

Duncan School Threat

Thumbnail for the video titled "Duncan School Threat"

Sikes Senter Mall robbery

Thumbnail for the video titled "Sikes Senter Mall robbery"

Horses help inmates struggling with anger and anxiety

Thumbnail for the video titled "Horses help inmates struggling with anger and anxiety"

Building a better guide dog

Thumbnail for the video titled "Building a better guide dog"

Crash survivor spends week trapped in car

Thumbnail for the video titled "Crash survivor spends week trapped in car"

Man sets sit-up record on 70th birthday

Thumbnail for the video titled "Man sets sit-up record on 70th birthday"

Cancer fighters strike up friendship and create song writing duo

Thumbnail for the video titled "Cancer fighters strike up friendship and create song writing duo"

President Trump's MAGA rally & presidential candidate Beto O'Rourke's counter rally

Thumbnail for the video titled "President Trump's MAGA rally & presidential candidate Beto O'Rourke's counter rally"

Birthdays & Anniversaries 10-18-19

Thumbnail for the video titled "Birthdays & Anniversaries 10-18-19"

Orville Merritt scheduled to plead

Thumbnail for the video titled "Orville Merritt scheduled to plead"

Man arrested outside President Trump's rally in Dallas

Thumbnail for the video titled "Man arrested outside President Trump's rally in Dallas"
Get FREE Text Alerts
Report It

Latest News

More Local News