The U.S. is weighing tariffs of up to 100% on European products it previously absolved, including Irish and Scotch whiskies and Cognac.
The Office of the USTR published a list of additional European goods it's now considering for 100% tariffs amid the fallout of its high-profile dispute with Airbus.
The update to the tariff list including the new items was flagged by a Bernstein analyst in a report to clients. Now the USTR is appearing to solicit advice on whether to hike rates on those goods up to 100% as well as add to its earlier list with some goods that the White House had excluded from its final October list. The new items, if added, could also be taxed at a rate up to 100%.
"This is a full reshuffle – we are potentially seeing a rolling tariff, which we highlighted as a possibility two months ago," Stirling added. Due to the EU's failure to curb the subsidies, "the United States is initiating a process to assess increasing the tariff rates and subjecting additional EU products to the tariffs," it added at the time.
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