Europe's top trade official told CNBC her 'impression' was that the United States would introduce fresh tariffs on EU products as soon as this month.
Europe's top trade official told CNBC her "impression" was that the United States would introduce fresh tariffs on EU products as soon as this month, once a ruling from World Trade Organization arbitrators on the total value of allowable American countermeasures is released, as early as Wednesday.
The decision expected from the global trade body this week is in response to long-standing U.S. complaints that certain European nations provided state aid to aircraft manufacturer Airbus. "We have repeated for a very long time to our U.S. counterparts, that even if we have both made errors, and that, strictly speaking we can impose tariffs on each other, this is not a good way," she said.
Such an approach would allow Europe to respond to possible U.S. tariffs well before the Boeing ruling that is expected in the spring, while continuing to act within the parameters provided by the WTO.
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