Cheese, Scotch and coffee. Expect to pay more for these European imports.
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“For years, Europe has been providing massive subsidies to Airbus that have seriously injured the U.S. aerospace industry and our workers," U.S. Trade Representative Robert Lighthizer said in a statement. “We expect to enter into negotiations with the European Union aimed at resolving this issue in a way that will benefit American workers.”
"Our readiness to find a fair settlement remains unchanged. But if the U.S. decides to impose WTO authorized countermeasures, it will be pushing the EU into a situation where we will have no other option than do the same," Malmström said in a statement acknowledging the WTO ruling on Wednesday. Trump administration officials said the EU would be acting in “bad faith” if it imposed retaliation by tapping potentially billions of dollars of unused authority from an old trade dispute that the United States believes was resolved 13 years ago. That case involved illegal export subsidies for Boeing, which EU officials said was resolved in 2006 after Congress repealed the offending provisions.
“Europe is facing tariffs today because Airbus has refused for years to comply with WTO rulings," a Boeing spokesperson said. "Unfortunately, Airbus’s non-compliance will negatively impact European member-states, industries, and businesses completely unrelated to Airbus’s actions, as well as Airbus’s airline customers.”
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