The World Trade Organization has authorized the European Union to impose tariffs on U.S. goods worth $4 billion (£3.11 billion) to retaliate against subsidies for American planemaker Boeing Co , people familiar with the matter said.
- The World Trade Organization has authorized the European Union to impose tariffs on U.S. goods worth $4 billion to retaliate against subsidies for American planemaker Boeing CoFILE PHOTO: A logo is pictured on the headquarters of the World Trade Organization in Geneva, Switzerland, June 2, 2020. REUTERS/Denis Balibouse/File Photo
The U.S. Trade Representative and the EU’s Washington office did not immediately answer requests for comment. Sources on both sides said EU tariffs on products such as Boeing jets, which must still be adopted formally by the WTO, were unlikely to be imposed before the Nov. 3 presidential election as Brussels seeks to avoid inflaming a bitter campaign.
The United States says the previous award, granting the EU tariffs to retaliate against special tax treatment for U.S. exporters, which the EU never implemented, is no longer valid because a law creating the disputed system was repealed in 2006.
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