US Trade Representative Robert Lighthizer announced that the Trump administration plans to slap tariffs on $11.2 billion worth of imports from the European Union in retaliation for the EU’s subsidies for aircraft manufacturer Airbus.
The US alleged in a World Trade Organization (WTO) case that the EU’s subsidies for aircraft manufacturer Airbus are a violation of international trade rules and harm the US economy. After years of litigation, Lighthizer said the Trump administration decided to make a move to punish the EU.
“This case has been in litigation for 14 years, and the time has come for action,” Lighthizer said in a statement.
“The Administration is preparing to respond immediately when the WTO issues its finding on the value of US countermeasures.”
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