The U.S. said Friday it will increase the tariff rate imposed on aircraft imported from the European Union to 15% from 10% on March 18.
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The U.S. list continued to spare an Alabama Airbus plant that assembles single-aisle aircraft like the A320 by not hitting airplane parts. But the higher tariffs will hit wide-body Airbus models not assembled in the U.S. and mean higher prices for those models for U.S. airlines that have orders on the books.Fifteen years ago the U.S. filed a dispute against the EU’s subsidies for Airbus, and the EU filed a countersuit shortly thereafter.
The dispute came to a head last fall when the WTO said the U.S. could legally impose tariffs on $7.5 billion of European exports in retaliation for illegal government aid to Airbus. The award was the largest in WTO history — almost twice as large as the previous record of $4.04 billion set in 2002.At the time the U.S.
But a transatlantic trade peace has proved elusive, and U.S. officials say the EU’s overtures have been unacceptable.and sought input on whether it should remove some products from the October list of tariffs, increase duties on certain goods on that list up to 100% or impose levies on additional products not included in the October list.
“The longer these disputes are unresolved, the greater the threat of even more tariffs on our industry,” the Distilled Spirits Council of the United States said in a statement Friday. “The EU has stated it may impose retaliatory tariffs this spring on U.S. rum, vodka, and brandy in its parallel case at the WTO concerning Boeing.”
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