US leaves tariffs on Airbus aircraft unchanged at 15 per cent

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WASHINGTON (REUTERS) - The US government has said it would maintain 15 per cent tariffs on Airbus aircraft and 25 per cent tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies.. Read more at straitstimes.com.

WASHINGTON - The US government has said it would maintain 15 per cent tariffs on Airbus aircraft and 25 per cent tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies.

It ignored calls from EU officials and US lawmakers to drop tariffs on EU food, wine and spirits, but did not add tariffs to vodka, gin and beer as it had threatened.Washington's decision to refrain from increasing the tariff rates would help prevent a further escalation, an EU official said, calling for intensified efforts to resolve trade conflicts between the powerful economic blocs.

The United States declared itself in full compliance with WTO findings in May after Washington state abolished aerospace industry tax breaks that largely benefited Boeing.

 

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