<article><p class="lead">The US will not impose tariffs on nitrogen fertilizer imports from the EU after receiving <a href="http://direct.argusmedia.com/NewsAndAnalysis/Article/1988518">approval</a> from the World Trade Organization (WTO) to levy up to $7.5bn of penalties on EU goods.</p><p>Agricultural goods face a 25pc tariff, effective 18 October, include various meats, dairy products and produce, according the US Trade Representative's final product <a href="http://ustr.gov/sites/default/files/enforcement/301Investigations/EU_Large_Civil_Aircraft_Final_Product_List.pdf">list</a> released late today.</p><p>Large civil aircraft from the EU will face a 10pc tariff.</p><p>The USTR released in July a list of more than 70 products the US could tariff, ranging from nitrogen fertilizers to various metals.</p><p>The USTR also asked the WTO to schedule a meeting on 14 October to approve the US' countermeasures against the EU.</p></article>
