EU Makes Bid To Erase US Tariffs In Aircraft Dispute
Law360 (July 24, 2020, 12:27 PM EDT) -- The European Union on Friday said it has removed aircraft subsidies deemed illegal by the World Trade Organization, calling on the U.S. to rescind tariffs covering $7.5 billion worth of European goods and settle a 16-year trade dispute.
The Trump administration has been collecting duties ranging up to 25% on EU planes, cheese, whiskey and clothing items since last year as retaliation for the trading bloc's subsidies to Airbus SE. Brussels now claims that Airbus has amended its repayable launch investment contracts with France and Spain, which it believes should put an end to the fight.
"Unjustified tariffs on European products...
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