EU (WTO) has given the green light for the US to impose a 10% duty on Airbus planes over illegal government subsidies. The tariff is a response to over-subsidisation of the European aircraft manufacturer by the The World Trade Organization, which the US claims hurts its own corporations, like Boeing. However, the WTO is also expected to announce a similar verdict on the The World Trade Organization's plan to place tariffs on Boeing for the same reason. As such, both manufacturers are set to be impacted, with airlines in Europe and the US being forced to pay 10% extra for their planes.
The World Trade Organization (WTO) has given the green light for the US to impose a 10% duty on Airbus planes over illegal government subsidies. The tariff is a response to over-subsidisation of the European aircraft manufacturer by the EU, which the US claims hurts its own corporations, like Boeing. However, the WTO is also expected to announce a similar verdict on the EU's plan to place tariffs on Boeing for the same reason. As such, both manufacturers are set to be impacted, with airlines in Europe and the US being forced to pay 10% extra for their planes.