mo4ch:>US proposes $11bn in tariffs on European products over Airbus subsidies | Mo4ch News

The US Trade Representative (USTR) said on Monday it was weighing tariffs on billions of dollars’ worth of goods from the European Union in retaliation to the subsidies allegedly provided to Boeing’s rival, Airbus.The products would range from large commercial aircraft and parts to dairy and wine, the USTR said. A preliminary list of goods has been issued for public consultation.The USTR explained it was kicking off the process in response to damage from subsidies provided to Airbus by the EU that the World Trade Organization (WTO) has found cause “adverse effects” to the US.Also on rt.comUS protectionism leading global trade into ‘deep crisis’ – EUIt has been nearly 15 years since the US first complained to the WTO that European aircraft maker Airbus widely benefits from billions of dollars in illegal subsidies. The EU and US have been fighting for more than a decade over mutual claims of illegal aid to Boeing and Airbus.They have filed cases at the WTO and paid billions of dollars i…