French President Emmanuel Macron (left) and German Chancellor Angela Merkel (second left) at the NATO (North Atlantic Treaty) held at the NATO headquarters in Brussels in May by US President Donald Trump (C) Organization) Speaking when arriving at the family portrait at the summit 25th, 2017.
Eric Fefferberg | AFP | Getty Images
The United States is studying the possibility of imposing a $3.1billion tariff on commodities from the United Kingdom, France, Germany and Spain, which may intensify tensions between the two sides of the Atlantic.
According to a Bloomberg report, the US Trade Representative’s office said in a document released on Tuesday evening that it is considering imposing tariffs of up to 100% on “additional lists” of products from France, Germany, Spain and the United Kingdom.
Goods include olives, coffee, chocolate, beer, gin, some trucks and machinery.
The public may be consulted on the potential implementation of the new tariffs before July 26. The move is part of a broader response by the United States to the European Union over a long-standing dispute over subsidies for large civil aircraft manufacturers.
The World Trade Organization ruled in October that Germany, France, Spain and the United Kingdom provided illegal subsidies to aircraft manufacturer Airbus, and thus allowed the US to impose US$7.5 billion in tariffs. In addition, the WTO ruled in December that the EU did not terminate these illegal subsidies, which provided the United States with room to further impose new taxes on European products.
When CNBC communicated with the European Commission and the British government on Wednesday, it did not immediately comment.