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EU says threatened $3.1bn U.S. tariffs would be 'very damaging'

2020-06-25 09:00:49       source:CGTN

June 25, 2020 

The European Commission has said threatened punitive U.S. taxes worth $3.1 billion on European imports would be "very damaging."

The U.S. Trade Representative has said it is considering levying taxes on European products – ranging from olives to decaffeinated coffee – as part of the ongoing dispute over Europe's Airbus and U.S. aircraft makers Boeing.

A commission spokesman said the tariffs would be "very damaging," saying: "It creates uncertainty for companies and inflicts unnecessary economic damage on both sides of the Atlantic.

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