Read us | Listen to us | Watch us | Join Live Events | Turn Off Ads | Live |

Click on your language to translate this article:

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sudanese Sudanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

EU hits US with $4 billion in tariffs over illegal Boeing subsidies

European Union Commission Executive Vice-President Valdis Dombrovskis
Written by Harry S. Johnson

“The US has imposed their tariffs following the WTO ruling in the Airbus case, now we have a WTO ruling also in Boeing, allowing us to impose our tariffs, and that’s what we are doing,” European Union Commission Executive Vice-President Valdis Dombrovskis said today as the EU has agreed to impose tariffs and other penalties on up to $4 billion worth of American goods.

The European Union said that the tariffs are being imposed over illegal US government support for American air space giant Boeing.

According to Dombrovskis, EU remains open for a negotiated solution. European Union’ proposal remains on the table that both sides withdraw their tariffs, but so far, the US has not agreed to withdraw their tariffs, despite several appeals.”

The announcement comes after international arbitrators last month gave the world’s biggest trade bloc the green light to target US goods over Boeing subsidies. Earlier, the WTO authorized the United States to slap penalties on EU goods worth up to $7.5 billion over EU support for Boeing’s European rival Airbus. 

In October 2019, Washington imposed a 10 percent tariff on most European-made Airbus jets and duties of 25 percent on a list of EU products, ranging from cheese and olives to whiskey. The EU last month released a preliminary list that suggests it could go after a wide range of US products including frozen fish and shellfish, dried fruit, tobacco, rum and vodka, handbags, motorcycle parts and tractors.

The transatlantic legal battle over aircraft subsidies began in 2004, when the US government accused Britain, France, Germany and Spain of providing illegal subsidies and grants to support Airbus. At the same time, the EU filed a similar complaint about US subsidies for Boeing.