18 October 2019

US Airbus Row: European Goods Hit by New US Tariffs

News

The US imposed tariffs on $7.5bn (£6.1bn; €6.7bn) on EU goods just after midnight in Washington DC on 17 October (04:01 GMT on Friday), after the World Trade Organization ruled in its favour earlier this month.

This is the result of a 15-year battle over aircraft subsidies paid by the EU to Airbus which have been ruled illegal by the WTO.

As a result a long list of Europe-made goods has been issued that is now subject to a 25% tariff.

Source