WTO backs EU tariffs on $4 billion U.S. goods over Boeing subsidies - sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

The World Trade Organization has authorized the European Union to impose tariffs on U.S. goods worth $4 billion (£3.11 billion) to retaliate against subsidies for American planemaker Boeing Co , people familiar with the matter said.

- The World Trade Organization has authorized the European Union to impose tariffs on U.S. goods worth $4 billion to retaliate against subsidies for American planemaker Boeing CoFILE PHOTO: A logo is pictured on the headquarters of the World Trade Organization in Geneva, Switzerland, June 2, 2020. REUTERS/Denis Balibouse/File Photo

The U.S. Trade Representative and the EU’s Washington office did not immediately answer requests for comment. Sources on both sides said EU tariffs on products such as Boeing jets, which must still be adopted formally by the WTO, were unlikely to be imposed before the Nov. 3 presidential election as Brussels seeks to avoid inflaming a bitter campaign.

The United States says the previous award, granting the EU tariffs to retaliate against special tax treatment for U.S. exporters, which the EU never implemented, is no longer valid because a law creating the disputed system was repealed in 2006.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WTO backs EU tariffs on $4 billion U.S. goods over Boeing subsidies - sourcesThe World Trade Organization has authorised the European Union to slap tariffs on U.S. goods worth $4 billion to retaliate against subsidies for U.S. planemaker Boeing Co , people familiar with the matter said.
Source: Reuters - 🏆 2. / 97 Read more »

WTO backs EU tariffs on $4 billion U.S. goods over Boeing subsidies - sourcesThe World Trade Organization has authorized the European Union to impose tariffs on U.S. goods worth $4 billion (£3.11 billion) to retaliate against subsidies for American planemaker Boeing Co, people familiar with the matter said. It's time to withdraw from the WTO.
Source: Reuters - 🏆 2. / 97 Read more »

BTS Label Big Hit Valued at $4 Billion After Pricing IPO at Top of Range.BTS_tw's label BigHitEnt priced its initial public offering at the top of its target range and is on track to go public by the end of the year. BTS_TW BigHitEnt who is that? Use the right acc. BTS_twt or bts_bighit BTS_TW BigHitEnt Please tag BTS_twt So unprofessional and xenophobic BigHitEnt Don't make us lose our temper plz. The is BTS_twt . THIS APP EVEN SHOWS THE RECOMMENDATION. HOW CAN YOU GET THAT WRONG FOR 1 ARTIST!
Source: billboard - 🏆 112. / 63 Read more »

U.S. pension funds sue Allianz after $4 billion in coronavirus lossesPension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany's Allianz, one of the world's top asset managers, for failing to safeguard their investments during the coronavirus market meltdown. I AM JESUS ​​CHRIST AND I DO NOT SUPPORT RACISM !! DONALD TRUMP IS THE OLD SERPENT 'THE DRAGON' 'THE DEVIL'. I WILL DEFEND AFRO-AMERICANS !! I came to step on the snake's head. WHO VOTES IN ('TRUMP DEVIL') GOES TO HELL. 'Revelation of the Bible' APOCALYPSE..... .. socializing losses Interesting
Source: Reuters - 🏆 2. / 97 Read more »

The $4 trillion U.S. government relies on individual taxpayersThe U.S. government's over $4 trillion annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earners. So $1500 should cover it.. 4 trill? You forgot all the debt we have been racking up clearly. They are worth negative that by multiples... And no taxpayers won't bale them out. The rich don't pay taxes. And the poor/middle class have less to pay. Most of them don't even want to pay after realDonaldTrump Everyone should pay their fair share. Patriotism at its finest!
Source: Reuters - 🏆 2. / 97 Read more »

The $4 trillion U.S. government relies on individual taxpayersThe U.S. government's over $4 trillion (£3.12 trillion) annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earners. What about a tax dodging POTUS and their family? Yet... Why?
Source: Reuters - 🏆 2. / 97 Read more »