Trade Conflict: US contends higher tariffs on EU products in dispute over Airbus

Trade Conflict: US contends higher tariffs on EU products in dispute over Airbus

         Trade Conflict In the dispute over Airbus, the US is considering higher tariffs on EU products In the dispute over subsidies for the European aircraft manufacturer Airbus, the US government is considering increasing the punitive tariffs. Details will be announced next week. In the dispute with the EU on subsidies for the European aircraft manufacturer Airbus, the US government could turn back to the customs screw according to their own information. It will check whether existing duties will be raised and duties on other products from the EU will be charged, said the office of the US Commerce Commissioner on Monday. More information should be available next week. The background is the latest report from the World Trade Organization (WTO), which supports the US position. The WTO had accused the EU of not fully reducing Airbus subsidies. Since 15 years, the dispute over state aid for Airbus as well as for the rival Boeing in the billions, which has declared the WTO in each case inadmissible, before the WTO fought. The US had given the WTO the green light for punitive tariffs on aircraft and other EU imports such as wine and cheese. The basis for the approved $ 7.5 billion cap on mid-October duties is the initial economic damage to Boeing as a result of Airbus’ European support. A decision on a counterclaim for US subsidies is expected in the coming year. Now on wiwo.de You want to know what drives the economy? Click here for the latest articles of WirtschaftsWoche. © Handelsblatt GmbH – All rights reserved. Acquire usage rights?          Services offered by our partners       
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