The EU fires back, saying that the amount claimed by Washington is ‘greatly exaggerated’
An Airbus A350-1000 lands near Toulouse, southwestern France. Picture: REUTERS/REGIS DUVIGNAUPresident Donald Trump on Tuesday lashed out at the EU, vowing to slap tariffs on billions in imports over subsidies to the aviation giant Airbus, suddenly escalating a transatlantic skirmish that is more than a decade old.
The threatened US tariffs are in response to subsidies received by aircraft maker Airbus and target a host of European products including helicopters, aircraft parts and gouda cheese.ISAAH MHLANGA: SA lacks the enforcement tools needed to gain from... The Boeing-Airbus spat is the longest and most complicated dispute dealt with by the WTO, which aims to create a level playing field in global trade."This case has been in litigation for 14 years and the time has come for action," Lighthizer said.
Both sides agreed that the size of the duties was subject to arbitration at the WTO, the result of which was expected in the summer. And both aviation giants have scored points along the way in the marathon dispute. But a few months later, the European Union filed a new complaint, alleging Washington was not complying with that order.
Airbus in a statement said the list was"totally unjustified", while archrival Boeing said that it supports Washington's"ongoing efforts to level the playing field".
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