US may increase tariffs after WTO rejects EU claims over Airbus
The World Trade Organisation rejected European Union claims that it no longer provides subsidies to planemaker Airbus on Monday, prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods.
A new compliance report from the Geneva trade watchdog found that the Airbus A380 and A350 jetliners continue to be subsidised as a result of past European government loans.
United States (US) Trade Representative Robert Lighthizer said the decision affirmed that European subsidies to Airbus continued to harm the US aerospace industry, and strong action was required to eliminate such market-distorting subsidies.
