US set to impose $7.5bn of EU tariffs in Airbus row

October 2, 2019 by No Comments

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Airbus technicians work on the rear fusluage, tail and aileron on the assembly line of the Airbus Beluga XL large transport aircraft on March 20, 2018 in Blagnac, near Toulouse.Image copyright
Getty Images

The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) worth of goods it imports from the European Union.

It is the latest chapter in the 15-year battle between the US and the EU over subsidies given to Airbus and its American rival Boeing.

The decision was made by the World Trade Organization (WTO) which handles trade disputes.

It could mean tariffs on goods ranging from planes to shellfish are imposed.

The US had announced in April that it was considering imposing tariffs on about $11bn (£8.4bn) worth of goods from the European Union in response to subsidies that support Airbus.

The WTO has now reduced that to $7.5bn.

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