Newest Tariffs, on the E.U., to Include Books

The newest tariffs to be imposed by the Trump administration, against the European Union and amounting to $7.5 billion on a range of goods, will include books, the Bookseller reported.

In reaction, Stephen Lotinga, chief executive of the Publishers Association, said, "We are deeply concerned about this development and raised it immediately with the Department for International Trade and the Intellectual Property Office. It is completely unacceptable that book exports are collateral damage in an unconnected trade matter. We will continue to argue in the strongest possible terms against tariffs that could be damaging to the trade and are in nobody's interest."

Last year, the Bookseller wrote, U.K. publishers exported printed books worth £128 million ($158 million) in invoiced value to North America.

The new tariffs follow the World Trade Organization's decision on Wednesday that the U.S. could tax $7.5 billion of E.U. goods to recoup damages after the WTO had determined in May that the E.U. illegally subsidized Airbus. The tariffs cover all kinds of goods, which the New York Times described as, in part, "a gourmet shopping list, with the administration planning to place a 25% tax on imports of Parmesan cheese, mussels, coffee, single malt whiskeys and other agricultural goods from Europe." Oddly the tariff on airplanes will be only 10%.

The Times noted that the WTO is considering a parallel case brought by the E.U. against the U.S. for subsidizing Boeing, for which the E.U. has a list of $20 billion of U.S. products it might impose tariffs on. That case should be decided early next year.

The U.S. has imposed several rounds of tariffs on imports from China, which as of last month include many types of books.
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Note: The information in this article has been updated: https://www.shelf-awareness.com/theshelf/2019-10-07

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