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.
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.
The most important financial news every morning.
Invalid email address. Please fill in again.
*The article has been translated based on the content of Source link by https://www.telegraaf.nl/financieel/830087572/wto-keurt-europese-importheffingen-tegen-vs-goed
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!