Trump administration announces it will impose tariffs on $7.5 billion in European imports in a case involving European Union subsidies to the plane maker Airbus.
The Trump administration plans to impose tariffs on $7.5 billion worth of European imports _ from gouda cheese to single-malt whiskey to large aircraft _ beginning Oct. 18 to retaliate against illegal European Union subsidies for aviation giant Airbus.
“The WTO has been much better to us since I’ve been president because they understand they can’t get away with what they’ve been getting away with for so many years, which is ripping off the United States,” Trump said at a joint White House news conference with President Sauli Niinisto of Finland. Speaking after the WTO’s ruling Wednesday but before the Trump administration announced the new tariffs, EU Trade Commissioner Cecilia Malmstrom said a tariff war “would only inflict damage on businesses and citizens on both sides of the Atlantic, and harm global trade and the broader aviation industry at a sensitive time.”
The WTO in May 2018 found that EU aid for Airbus had resulted in lost sales for Boeing in the twin-aisle and very large-aircraft markets. The ruling centered on Airbus' 350XWB — a rival of Boeing's 787 — and the double-decker A380, which tops the Boeing 747 as the world's largest commercial passenger plane.
The case itself dates to 2004, a testament to the plodding and thorough rhythm of the Geneva-based trade body.
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