Counter-U.S. subsidies Boeing, WTO supports EU to impose tax on US 4 billion yuan
▲World Trade The Organization (WTO) authorized the European Union (EU) to impose tariffs on US$4 billion worth of American goods. The picture shows the WTO headquarters in Geneva, Switzerland. (Photo/Reuters)
People familiar with the matter said that the World Trade Organization (WTO) today authorized the European Union (EU) to impose tariffs on US$4 billion worth of US goods in retaliation Boeing Co, a US subsidy aircraft manufacturer. With only a few weeks left in the US presidential election, this move provides a new source of trade disputes.
Washington imposed tariffs on US$7.5 billion in EU goods last year on the grounds that Boeing rival Airbus received government subsidies. The United States and the European Union received notification from WTO arbitrators on the 25th, and the WTO is expected to announce this ruling within a few weeks.
The U.S. Trade Representative (The U.S. Trade Representative) and the European Union Washington Office have not responded to reporters’ enquiries. Boeing declined to comment on the confidential WTO report, but accused Airbus of ignoring Boeing’s recent attempt to resolve the dispute and demanding Washington State to withdraw the tax reduction.