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US increases Airbus tariffs by 5 pc effective March 18
International

US increases Airbus tariffs by 5 pc effective March 18

Agency News

Washington, Feb 15: The Trump administration is increasing duties on aircraft imports from the EU by 5 percent effective next month as authorized by a case won before the World Trade Organization involving Airbus, the US Trade Representative’s (USTR) office said in a statement.

"The United States is increasing the additional duty rate imposed on aircraft imported from the EU to 15 pc from 10 pc, effective March 18, 2020," the statement said on Friday.

The release said the US government was allowed to impose countermeasures on $7.5 billion in EU goods by winning an Airbus subsidies case before the WTO in October of 2019.

According to a notice accompanying the release, the United States remains open to a negotiated settlement on current and future EU subsidies to Airbus. (UNI-Sputnik)