The U.S. Trade Representative has decided to change the trade measures in a dispute with the European Union (EU) over airplanes. This change aims to mirror the EU's approach and will add specific products from certain EU countries to the list of items facing extra duties. The decision comes as a response to the EU's similar actions and is intended to push for a fair resolution to the disagreement. The revised measure will take effect on January 12, 2021, and involve products from France and Germany, focusing on addressing subsidies deemed inconsistent with World Trade Organization (WTO) rules.
Simple Explanation
The United States is updating its rules to make things fair in a disagreement with Europe about airplanes. To do this, it will add special taxes to certain products from Europe, mainly from France and Germany, hoping to settle the argument.