October 3, 2019

CHANGE: US Can Levy Tariffs On EU Exports Over Illegal Airbus Subsidies, WTO Says. “The U.S. plans to swiftly impose tariffs on $7.5 billion in aircraft, food products and other goods from the European Union after the World Trade Organization authorized the levies Wednesday, citing the EU’s subsidies to Airbus. . . . The Office of the U.S. Trade Representative said it would impose the tariffs starting Oct. 18, with 10% levies on jetliners and 25% duties on other products including Irish and Scotch whiskies, cheeses and hand tools. The U.S. was authorized to impose tariffs of up to 100% on $7.5 billion of goods by the WTO in what has been a 15-year battle over support programs for Airbus and U.S. aerospace rival Boeing Co. BA -2.02% The latter had pushed for a 100% duty on Airbus jets.”

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