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