US considering trade sanctions on EU wine & cheese.

The US is reported to be considering imposing tariffs on about $11bn worth of goods from the European Union in response to controversial subsidies that support Airbus.

The World Trade Organisation (WTO) has declared that the subsidies are having an adverse impact on the US. 

Aircraft, wine, and cheese are among the products that could be hit by tariffs, Robert Lighthizer, the US Trade Representative (USTR) said. 

The move would mark a further escalation in trade tensions between the US and the EU. 

The USTR said the value of goods that will be targeted with tariffs is subject to an arbitration at the WTO, the result of which is expected in a few months. 

"This case has been in litigation for 14 years, and the time has come for action. The Administration is preparing to respond immediately when the WTO issues its finding on the value of US countermeasures," said US Trade Representative . 

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