EU urges us to lift retaliatory tariffs on aviation manufacturing

category:Finance
 EU urges us to lift retaliatory tariffs on aviation manufacturing


The dispute over aviation subsidies between the United States and Europe has a long history. In 2004, the United States filed a lawsuit with the WTO, accusing the EU of providing illegal subsidies to Airbus in various forms. The European Union later sued the U.S. government for illegal subsidies to Boeing. The WTO has ruled that both the United States and the European Union have the problem of providing illegal subsidies to their respective aviation enterprises. According to the ruling result and formal authorization of WTO on Airbus subsidy case, the United States formally imposed tariffs on US $7.5 billion EU exports on October 18 last year. Among them, 10% tariff will be imposed on EU large civil aircraft. On February 14 this year, the office of the US trade representative announced that the US side would increase the tariff on imports of EU large civil aircraft from the previous 10% to 15%. Source: Xinhuanet editor in charge: Wang Xiaowu_ NF

The dispute over aviation subsidies between the United States and Europe has a long history. In 2004, the United States filed a lawsuit with the WTO, accusing the EU of providing illegal subsidies to Airbus in various forms. The European Union later sued the U.S. government for illegal subsidies to Boeing. The WTO has ruled that both the United States and the European Union have the problem of providing illegal subsidies to their respective aviation enterprises.

According to the ruling result and formal authorization of WTO on Airbus subsidy case, the United States formally imposed tariffs on US $7.5 billion EU exports on October 18 last year. Among them, 10% tariff will be imposed on EU large civil aircraft. On February 14 this year, the office of the US trade representative announced that the US side would increase the tariff on imports of EU large civil aircraft from the previous 10% to 15%.