Tax threat from US to EU on ‘Airbus – Boeing’ dispute

Tax threat from US to EU on 'Airbus - Boeing' dispute

US – EU dispute over Airbus-Boeing said US may impose additional customs duties on US $4 billion EU products.

The US Trade Representative Office announced on Monday the list of $ 4 billion worth of additional taxes that could be applied to the EU on the grounds that Airbus was provided with a transatlantic subsidy.

Additional taxable items include cherries, meat, cheese, olives and pasta, as well as some types of whiskey and cast iron pipes and tubes. Thus, a further $ 4 billion was added to the EU products worth $ 21 billion in April. It is stated that the European Union has also prepared additional tariffs for its retaliation against Boeing.

Donald Trump said the dispute, which began earlier than the United States’ efforts to rewrite major commercial relations, would deepen tensions between Washington and Brussels due to the timing of the latest criminal measures.

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