“WTO Approves European Import Tariffs Against US” | Financial

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These are charges in a protracted conflict between the US and the EU over state aid to their aviation sector. The US finally got its way from the WTO last year and was allowed to impose import tariffs on $ 7.5 billion in European products. Indeed, favorable loans from France, Germany, Spain and the United Kingdom to Airbus amounted to prohibited state aid, the WTO ruled.

Boeing

The EU, in turn, is complaining about US state aids, such as alleged subsidies and favorable tax rules that Boeing benefited from in the US for years. Now that the WTO seems to agree with Europeans, dormant trade tensions between Washington and Brussels may be resurfacing. Analysts also argue, according to Reuters, that a breakthrough in the 16-year conflict could pave the way for talks about a solution to the conflict.

According to Reuters sources, the WTO will publish the official decision within weeks. The US trade envoy did not want to respond immediately. The EU embassy in Washington was also not available for comment.





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