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Retaliation came for the EU’s decision to impose $ 4 billion in tariffs on US products for support provided to aviation company Boeing.

The US Trade Agency (USTR) announced that it has regulated customs duties on aircraft parts imported from the EU, wines from France and Germany, and cognacs.

In the statement, no information was given about when the recipes will come into force, but details will be shared soon.

The EU, with the permission of the World Trade Organization (WTO), pointed out that “unfair” tariffs against the US were imposed on the US. expression was used.

BOEING-AIRBUS DISPUTE

US-based Boeing, the world’s largest aircraft manufacturers, and European company Airbus, in partnership with France, Germany, England, Spain and the Netherlands, are mutually accusing each other of illegal public support.

While these companies have been carrying out legal processes against each other on the grounds that there is unfair competition in the sector within the WTO structure, there has been no consensus on the issue for more than 16 years.

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USA claims that incentives provided by European countries to Airbus company are illegal. The EU, on the other hand, claims that military contracts with the company with tax concessions provided by the US to Boeing are illegal.

The WTO approved the US imposition of an additional $ 7.5 billion per year on EU products due to illegal subsidies to Airbus. Following this approval, the US started to apply taxes. In October, the WTO mediation authority also approved the EU to impose an additional $ 4 billion in customs duties on the US, due to the Washington administration’s illegal support for Boeing.

With this approval, the EU had the opportunity to impose additional customs duties on the USA, similarly. In November, the Union reported that US products will be subject to customs duties of $ 4 billion due to support provided to aviation company Boeing.

Source: AA



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