US raises tariffs on EU aircraft to 15%
The Office of the US Trade Representative has raised its tariffs on large European aircraft to 15%, up from the 10% levy implemented last October, in an ongoing dispute over subsidies. “The US is increasing the additional duty rate imposed on aircraft imported from the EU to 15% from 10%, effective March 18, 2020, and making certain other minor modifications,” the USTR said Friday. At the centre of the ruling last October were EU subsidies for Airbus, which the arbitrator heavily criticised as being “WTO-inconsistent”, and causing adverse effects to the US. While the USTR was permitted to impose up to 100% tariffs on US$7.5b of goods — including Airbus jets — the office said at the time it would initially impose 10% levies on new commercial aircraft of more than 30t. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-02-17/general/us-raises-tariffs-on-eu-aircraft-to-15
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US raises tariffs on EU aircraft to 15%
The Office of the US Trade Representative has raised its tariffs on large European aircraft to 15%, up from the 10% levy implemented last October, in an ongoing dispute over subsidies. “The US is increasing the additional duty rate imposed on aircraft imported from the EU to 15% from 10%, effective March 18, 2020, and making certain other minor modifications,” the USTR said Friday. At the centre of the ruling last October were EU subsidies for Airbus, which the arbitrator heavily criticised as being “WTO-inconsistent”, and causing adverse effects to the US. While the USTR was permitted to impose up to 100% tariffs on US$7.5b of goods — including Airbus jets — the office said at the time it would initially impose 10% levies on new commercial aircraft of more than 30t. <br/>
