Categories: Market Overview

The U.S. is considering $3.1 billion in new tariffs on products from France, Germany, Spain and the UK

The United States is studying the possibility of slapping $3.1 billion in additional tariffs on goods from the United Kingdom, France, Germany and Spain — in another step that’s likely to exacerbate tensions between both sides of the Atlantic. In a document issued Tuesday evening, which was first reported by Bloomberg, the Office of the United States Trade Representative said it’s considering an “additional list” of products from France, Germany, Spain and the U.K. to be placed with duties of up to 100%.

The goods in consideration include olives, coffee, chocolate, beer, gin, some trucks and machinery. The potential enforcement of the new tariffs was opened to public comment Tuesday, and this is set to last until July 26. The move is part of a wider reaction from the United States in relation to a long-standing dispute with the European Union over subsidies to large civil aircraft manufacturers.

The World Trade Organization ruled in October that Germany, France, Spain and the U.K. granted illegal subsidies to planemaker Airbus and allowed the U.S. to impose .5 billion in duties as a result. In addition, the WTO ruled in December that the European Union had not ended these illegal subsidies, giving the U.S. further room to impose new levies on European products.

The U.S. is considering .1 billion in new tariffs on products from France, Germany, Spain and the UK, CNBC, Jun 24

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

AUDJPY Wave Analysis – 5 December 2025

AUDJPY: ⬆️ Buy - AUDJPY broke long-term resistance level 102.30 - Likely to rise to…

7 hours ago

Aptos Wave Analysis – 5 December 2025

Aptos: ⬇️ Sell - Aptos testing major support at 1.688 - Likely to fall to…

7 hours ago

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

13 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

14 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

14 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

18 hours ago

This website uses cookies