AP Photo/Courtney Bonnell
In this May 12, 2017 photo, the Tuscan staples of wine and cheese are shown for sale in the town of Pienza, Italy, famous for its pecorino cheese. A private tour through the Tuscan countryside will bring visitors to a series of picturesque towns tucked into the rolling hills of the Orcia Valley.
- From cheese to wine and whisky, hundreds of shipments from Europe are set to face more taxes as they enter the US.
- The Office of the US Trade Representative announced late Wednesday it would levy tariffs of between 10% and 25% on aircraft, food and industrial products on October 18.
- The move came after the World Trade Organization authorized the US to impose punitive tariffs on $7.5 billion worth of EU products.
- Visit the Business Insider homepage for more stories.
From cheese to wine and whisky, hundreds of shipments from Europe are set to face more taxes as they enter the US.
The Office of the US Trade Representative announced late Wednesday it would levy tariffs of between 10% and 25% on aircraft, food, and industrial products from the European Union on October 18. The tariffs could raise prices for American businesses and consumers.
The move came after the World Trade Organization authorized the US to impose punitive tariffs on $7.5 billion worth of products from the bloc, its largest ever arbitration award ever given. The two sides have been locked in a dispute over aircraft for more than a decade and a half, separately claiming that the EU-based Airbus and the US-based Boeing are illicitly aided by government funds.