US increasing tariffs on Airbus planes to 15 percent from 10 percent

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US increasing tariffs on Airbus planes to 15 percent from 10 percent
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Washington announces raise in tariffs on imports of European-built Airbus aircraft from 10 percent to 15 percent beginning March 18

The announcement from the office of the United States Trade Representative came just days after President Donald Trump said it was time to talk"very seriously" about a trade deal with the EU.

The duties have been at 10 percent since October, when Washington hit $7.5 billion in European products with tariffs. Other products – including wine, cheese, coffee and olives – have been taxed at 25 percent since October. The council called on authorities to withdraw 25 percent taxes on American whiskeys in the EU, and 25 percent taxes on liquors imported from five European countries, pointing to fears of a negative impact on the US economy and jobs.After a trade war with China that lasted nearly two years and featured punishing reciprocal tariffs, Trump declared at the signing of a "phase one" trade deal with Beijing in January that it was a "momentous step ... righting the wrongs of the past.

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