August 13, 2020

US holds off on extra tariffs in EU Airbus dispute

Washington (AFP) – Washington said Wednesday it would hold off on its threat to impose higher tariffs on $7.5 billion worth of EU goods in its long-running dispute over subsidies to¬†European aircraft maker Airbus.Last year the World Trade Organization authorized the US to impose tariffs of up to 100 percent on $7.5 billion in European goods.Washington then slapped 25 percent taxes on a number of EU products including wine, cheese and olives. A 10 percent tariff on Airbus planes was increased to 15 percent in March.The European Union last month said it had brought itself into compliance with WT…

source https://this.kiji.is/en/666544081834706017?c=648607265489716321

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