Marktbericht No. 77-2019 market update Thompson raisins

2019-10-23 | The European Union will impose punitive tariffs on US agricultural products. Amongst other products, US Thompson raisins will be affected. A customs duty of 25 percent might be possible!
In the course of the WTO arbitration court ruling regarding EU subsidies for Airbus, the US administration has imposed punitive tariffs of about 11 billion USD for EU products. At the same time, the EU has taken legal actions before the WTO arbitration court against the same US subsidies in support of Boing. A verdict is expected for early 2020. The expected volume for punitive tariffs is estimated at about EURO 11 billion.