The WTO ruled that the EU could retaliate against us subsidies and Boeing could impose tariffs on the United States

category:Finance
 The WTO ruled that the EU could retaliate against us subsidies and Boeing could impose tariffs on the United States


This also means that there may be new conflicts between Europe and the United States before the US election. In 2019, the WTO recognized that EU subsidized Airbus improperly. According to the ruling result and formal authorization of WTO on Airbus subsidy case, the United States formally imposed tariffs on EU products exported to the United States worth US $7.5 billion on October 18 last year. In February this year, the tariff on EU large civil aircraft was raised from 10% to 15%.

However, some sources said that the European Union is unlikely to impose tariffs on Boeing aircraft and other products before the November 3 election to avoid intensifying the fierce election campaign.

In addition, according to European sources, the latest ruling does not include about $4.2 billion of tariffs on the United States earlier, which also means that the EUs total firepower against the United States is as high as $8.2 billion.

It is worth noting that the war of aircraft subsidies between Europe and the United States began in 2004. Both sides accused each other of providing unreasonable subsidies to their respective aviation industry giants Airbus and Boeing. The WTO ruled that both the United States and the European Union have the problem of providing unreasonable subsidies to their respective aviation enterprises.

Tokyo Stock Exchange will suspend trading for the whole day tomorrow, and a number of new rules will be implemented from October! The first one is closely related to you. Its hard to get a room for B & B in the same period last year_ NF