December 3, 2019 / 3:12 AM / 7 days ago

U.S. says sees no reason to reduce tariffs in EU aircraft subsidy case

FILE PHOTO: The logo of Airbus is pictured at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau

WASHINGTON (Reuters) - The U.S. Trade Representative’s office on Monday said it saw no basis in Monday’s World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe’s Airbus (AIR.PA) has suggested.

“Nothing in today’s report even suggests that the (WTO) compliance panel found that the amount has decreased,” said a USTR spokesman. “There is accordingly no basis for Airbus’s assertions that the report ‘implies’ that the U.S. countermeasures should be reduced by $2 billion.”

USTR earlier said it could increase tariffs on a wider range of European goods after the WTO rejected European Union claims that it no longer provides subsidies to Airbus. Airbus had said Washington should slash its authorized tariffs of $7.5 billion to $5.5 billion since the WTO dropped its previous references to its A380 causing lost sales to Boeing.

Reporting by Andrea Shalal; Editing by Shri Navaratnam

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below