WASHINGTON, June 25 ― The United States moved to maintain pressure on the European Union in a 16-year dispute over aircraft subsidies by flagging possible changes in tariffs on EU goods, as the date for a decision on reciprocal EU duties slipped to the autumn. The latest development in the...
The World Trade Organisation headquarters in Geneva, Switzerland. Last year, the WTO allowed the United States to levy tariffs on US$7.5 billion worth of EU goods, including aircraft, wines and cheese, because of Airbus subsidies that it had deemed illegal. — Reuters pic
The US Trade Representative's office added items valued at US$3.1 billion to its list of European goods eligible to be hit with duties ― including black olives, beer and gin ― and said it could switch gears to target other items on a previously published list or raise existing duty levels further. The US move is part of a “carousel” approach aimed at maintaining pressure on the EU to reach a settlement and end a dispute that dates back to 2004, dragging through three US presidents and five presidential terms of office.
Now it is considering the level of tariffs that the EU could impose in a parallel case involving illegal support for Boeing.
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