Airbus Tariffs Cleared by WTO
The U.S. will impose tariffs on $7.5 billion worth of European goods on Oct. 18, after the World Trade Organization formally cleared the way for the retaliation for illegal subsidies to Airbus. The U.S. ambassador to the WTO said that…
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the U.S. still wants to find a negotiated solution with the European Union, but said that could only happen if it stops subsidies to Airbus and ensures they can't be revived under another name. The EU, during an Oct. 14 meeting at the WTO, said the WTO arbitrator's decision is not commensurate with the damage to Boeing, and that the arbitrator should have considered that Airbus is ending production of the A380, which was one of the models at issue in the case.