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Spanish cheese, wine and oil to be subject to new US tariffs

Spanish cheese, wine and oil to be subject to new US tariffs

Spanish cheese, wine, olive oil and pork products will be affected by the United States government’s decision to introduce new duties on certain European Union exports starting on October 18.

The move comes after the World Trade Organization (WTO) ruled that the US can impose annual tariffs on as much as $7.5 billion worth of European exports in retaliation for illegal government subsidies to aircraft maker Airbus. The largest award in WTO history follows 15 years of litigation.