"U.S. hits Scotch whisky, Italian cheese, French wine with 25% tariffs"

From Reuters:

The Trump administration slapped 25% tariffs on French wine, Italian cheese and single-malt Scotch whisky — but spared Italian wine, pasta and olive oil — in retaliation for European Union subsidies on large aircraft.

The U.S. Trade Representative’s Office released a list of hundreds of European products that will get new tariffs, including cookies, salami, butter and yogurt - but in many cases applied to only some EU countries, including German camera parts and blankets produced in the United Kingdom.

The list includes UK-made sweaters, pullovers, cashmere items and wool clothing, as well as olives from France and Spain, EU-produced pork sausage and other pork products other than ham, and German coffee. The new tariffs are to take effect as early as Oct. 18.

The U.S. Trade Representative’s Office said it would “continually re-evaluate these tariffs based on our discussions with the EU” and expects to enter talks in a bid to resolve the dispute.

Still some Italian foods — Parmesan Reggiano, Romano and provolone cheese — were hit with tariffs as were Italian fruits, clams and yogurt. Also getting new tariffs are German and British camera parts, industrial microwave ovens, printed books, sweet biscuits and waffles.

The main target of the U.S. tariffs is Airbus aircraft made in the EU, which face 10% levy that could hurt U.S. airlines such as Delta (DAL.N) that have billions of dollars of Airbus orders waiting to be filled. EU products winning reprieves include chocolate, Greek, French and Portuguese olive oil, helicopters, frozen fish, lobster, sparkling wine, stemware and tiles.

Joseph Profaci, executive director of the North American Olive Oil Association, said a substantial portion of the imports initially threatened with tariffs were not on the list....

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