Europe Expects U.S. to Impose $7 Billion Tariffs Over Airbus Dispute

By Yana Berman

Europe is ready for the U.S. tariffs valued between $5 and $7 billion, Bloomberg reported Monday, July 15, citing two European government officials.

                                

U.S. administration is currently waiting for the WTO’s decision on the Airbus SE case that lasted for 14 years. If the trading organization admits that the aircraft subsidies were illegal, the U.S. government will immediately impose the tariffs, the EU officials who preferred not to be identified revealed. 

It is expected that the WTO will announce its decision this summer. The U.S. tariffs in this case might be aimed at helicopters and aircraft parts, as well as other goods including food and alcohol.

Meanwhile, the EU awaits the results of a similar case against U.S. company Boeing. The union has already revealed the preliminary list of goods that will be targeted by $22.6 billion sanctions. 

In 2018, the U.S. imposed tariffs on EU steel (25%) and aluminum (10%) exports. Later that year the country filed a complaint with the WTO against the countervailing measures of the EU and other countries.

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image