Business, Top Stiri

US proposes new tariffs on EU products over Airbus subsidies

US Airbus

The US on Monday threatened to impose tariff counter measures of up to $11.2 billion on a host of European products in response to subsidies received by aircraft maker Airbus.

In a statement, the office of the US Trade Representative (USTR) said the World Trade Organization (WTO) had repeatedly found that EU subsidies to Airbus have caused adverse effects to the United States.

Source: Agence France Presse

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