The World Trade Organization (WTO) has authorized the European Union (EU) to implement tariffs on $4 billion worth of US made goods annually in retaliation for government aid to Boeing Co. deemed illegal by the WTO. The decision is one-third of the EU’s request for a $12 billion award and lower than the $7.5 billion retaliation judgment the WTO granted the U.S. last year in a parallel dispute against Boeing’s European rival, Airbus SE. Among the $4 billion in goods is all US wine exported to the EU. WineAmerica is opposed to the implementation of tariffs on wines. We are part of a larger beverage alcohol coalition working to mitigate the implementation of tariffs. We will have more information on this in the coming weeks.
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