Tariff hike: Highlights of the 16-year-old Airbus, Boeing trade war
The US government on Friday raised tariffs on aircraft imported from the European Union, ratcheting up pressure on the EU to resolve an epic 16-year-old dispute over support for airplane makers, and raising the stakes in broader talks to reach a US-EU trade deal.
The World Trade Organization has found the world’s two largest planemakers received billions of dollars of unfair subsidies in a pair of cases dating back to 2004 and is expected to allow both sides to impose tariffs, starting with the United States.
Here are highlights of the feud that has spawned thousands of pages of rulings, triggered threats of tit-for-tat tariffs on goods from plane parts to whisky and left both sides claiming victory while racking up an estimated $100 million (£77 million) in costs.
