The European Commission has drawn up a list of U.S. imports worth around 20 bill...
BRUSSELS - The European Commission has drawn up a list of U.S. imports worth around 20 billion euros that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said on Friday.
The EU measures would relate to the bloc’s World Trade Organization complaint over subsidies to rival Boeing.The Commission said earlier this week that it had begun preparatory work on countermeasures in the Boeing case. However, it signaled it was open for talks with the U.S., provided these were without preconditions and aimed to achieve a fair outcome.
The arbitrator’s decision may not come before March 2020. In the U.S. case a WTO decision could come in June or July this year.PLANE DISPUTE, CAR TARIFF THREAT Trump’s public attack on the EU came as his administration tries to hammer out a trade deal with China after imposing punitive tariffs on $250 billion of Chinese goods.
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