mo4ch:>EU to slap €19bn worth of fresh tariffs on US goods as aircraft subsidies row escalates – reports | Mo4ch News

The European Union is weighing up hitting a range of US goods with up to $21.5 billion (€19 billion) worth of tariffs as retaliation for subsidies given to aircraft manufacturer Boeing, according to reports.The move would be the latest in a series of escalations in a long-running dispute which has seen Brussels and Washington accuse each other of gifting illegal subsidies to their flagship plane manufacturers.The European Commission is set to send each member state a list of US products that could be affected by fresh duties. Brussels-headquartered news organization EURACTIV is reporting that the total value of these exports to the European market is around €19 billion.Also on rt.comAirbus-Boeing conflict benefits China, France warnsThat figure is significantly higher than the European Commission’s initial estimate of the damage caused by the Boeing subsidies. In 2012, it assessed that the potential amount would be approximately €12 billion. New York based Bloomberg reported on Friday…