Aircraft Tariffs Loom as US Targets EU and UK Over Digital Taxes and Forced Labor
The United States is considering new tariffs against the European Union and the United Kingdom, citing concerns over Digital Services Taxes and alleged inaction on forced labor. The U.S. Trade Representative is investigating these digital taxes, which it claims unfairly target American companies. This move has put the aviation industry on high alert, as civil aircraft and components have been targeted in past trade disputes under Section 301. The potential re-imposition of tariffs threatens to escalate transatlantic trade tensions and could significantly disrupt the aerospace supply chain, including major manufacturers like Airbus.
Official Source: https://theloadstar.com/us-plans-new-tariffs-for-eu-uk-and-others-for-lack-of-action-on-forced-labour/
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