China News Service, November 7 According to a Reuters report, on the 6th local time, EU diplomats stated that the EU may impose tariffs on US$4 billion of U.S. exports to Europe next week.
Earlier, the World Trade Organization formally approved the European Union to impose tariffs on US$4 billion in US goods in response to US subsidies to aircraft manufacturer Boeing.
Data map: Boeing aircraft.
According to the latest news, most EU governments have expressed support for the taxation plan, and these tariffs are expected to be implemented after the EU trade ministers meeting on the 9th.
An EU diplomat said: "I expect tariffs to start next Tuesday (10th) or Wednesday (11th)."
The WTO ruled on October 13 local time that the EU can take countermeasures against US$4 billion worth of US goods and services each year.
On October 26, a WTO official said, “Because the United States failed to comply with the WTO’s ruling on the US government subsidy to Boeing, WTO members approved the EU’s request for retaliatory measures against the United States.”
According to reports, the EU is expected to impose tariffs on American-made airplanes, tractors, sweet potatoes, peanuts, frozen orange juice, tobacco, tomato paste and other products.
The US-Europe aviation subsidy dispute has a long history.
In 2004, the United States filed a lawsuit with the WTO, accusing the European Union of providing illegal subsidies to Airbus in various forms.
The European Union subsequently sued the WTO to provide illegal subsidies to Boeing by the US government.
In response to this, the WTO has ruled that both the United States and the European Union have provided illegal subsidies to their respective aviation companies.
In October 2019, the WTO once subsidized Airbus in violation of EU regulations and authorized the United States to impose additional tariffs and other retaliatory measures against approximately US$7.5 billion of EU goods and services exported to the United States each year.