US proposes new tariffs on EU products over Airbus subsidies

Author:

AFP

article author:

ID:

1554790250218037700

Tue, 2019-04-09 06:05

SAN FRANCISCO: The US on Monday threatened to impose tariff counter-measures of up to $11.2 billion on a host of European products in response to subsidies received by aircraft maker Airbus.
For more than 14 years, Washington and Brussels have accused each other of unfairly subsidizing Boeing and Airbus, respectively, in a tit-for-tat dispute.
In a statement Monday, the office of the US Trade Representative (USTR) said the World Trade Organization (WTO) had repeatedly found that European subsidies to Airbus have caused adverse effects to the United States.