Reuters reported on the 30th, citing people familiar with the matter, that the World Trade Organization (WTO) has authorized the European Union to impose additional tariffs on US$4 billion worth of US goods.
Reuters reported, citing people familiar with the matter, that the WTO arbitrator notified the EU and the United States of its decision on the 25th of this month. The ruling is expected to be announced within weeks. At present, the Office of the United States Trade Representative and the European Union Office in Washington have not responded to this.
Previously, based on the WTO’s ruling and formal authorization on the Airbus subsidy case, the United States officially launched a subsidy case worth US$7.5 billion on October 18 last year. Tariffs will be imposed on EU products exported to the United States. In February this year, the tariff on EU large civil aircraft was raised from 10% to 15%.
The aviation manufacturing subsidy dispute between the United States and the European Union began in 2004. The two sides accused each other of providing “unnecessary provision” to their respective aviation industry giants Airbus and Boeing. “Reasonable” subsidies. The WTO has ruled that both the United States and the European Union provide unreasonable subsidies to their respective aviation companies. </p
