French Dealers, EU sound alarm over US tit-for-tat tariffs

PARIS — French wine exporters cautioned Thursday that they will have a billion-euro hit in 2021 by the most recent ratcheting-up of tariffs between the USA and Europe at a trade row on aircraft subsidies.

The U.S. government announced Wednesday that the imposition of additional tariffs on German and French wines and brandies, in addition to aircraft manufacturing components. They’re the newest form of tit-for-tat tariffs at a years-long battle over subsidies to airplane makers Boeing and Airbus.

It urged European and French officials to immediately start talks on a solution together with the incoming government of U.S. President-elect Joe Biden.

In Brussels, European Union officials voiced sorrow in the U.S. movement, they stated: “unilaterally interrupts the continuing negotiation” between both sides on a settlement.

They vowed to participate with Biden’s incoming staff” at the first possible minute to keep these discussions and find a durable solution to the dispute”