French & German wine, cognac and aircraft parts have been hit with new tariffs by the United States, as part of a long-running dispute with the European Union over subsidies to plane makers. The new tariffs are expanding on a list of products which have been subject to US import levies since 2019. The French wine exporters’ association esimates the new tariffs will cost the sector €300 million in lost sales. Also today, dozens of major American companies have suspended political donations after last week’s riot in Washington.
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