EU to slap €19bn worth of fresh tariffs on US goods as aircraft subsidies row escalates – reports
The move would be the latest in a series of escalations in a long-running dispute which has seen Brussels and Washington accuse each other of gifting illegal subsidies to their flagship plane manufacturers.
The European Commission is set to send each member state a list of US products that could be affected by fresh duties. Brussels-headquartered news organization EURACTIV is reporting that the total value of these exports to the European market is around €19 billion.Also on rt.com Airbus-Boeing conflict benefits China, France warns
That figure is significantly higher than the European Commission’s initial estimate of the damage caused by the Boeing subsidies. In 2012, it assessed that the potential amount would be approximately €12 billion. New York based Bloomberg reported on Friday that the tariffs will be worth $11.5 billion (€10.2 billion).
The list of goods is expected to be published for public consultation on Wednesday.
Earlier this week, US President Donald Trump threatened to hit $11 billion (€9.7 billion) worth of EU goods with tariffs after the World Trade Organization (WTO) found that EU subsidies to Airbus cause “adverse effects” to the US.
“If they inflate their list, we will do the same,” one European diplomat reportedly said of the mooted tariffs.
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