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2/15, 5:51 AM (Source: TeleTrader)
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US to increase tariffs on European aircraft imports

United States Trade Representative's office announced the Administration plans to increase the tariffs placed on the imports of European aircraft.

The levies are set to increase from 10% to 15% starting March 18, according to the announcement released late on Friday.

European airplane manufacturer Airbus said this move by Washington would hit some of its own airlines that already slack in the number of planes.

Breaking the News / NL