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The US will maintain the tariffs on Spanish products due to the Airbus case

The US has announced that it will maintain the tariffs on European products, despite the fact that Airbus reported in June that it was giving up on the loans with preferential conditions granted by Spain and France for the construction of its A350 aircraft, which were considered by the WTO as illegal aid. However, the US Government has announced a small modification of the list of products subject to tariffs, excluding several from Greece and the United Kingdom and including others from Germany and France, but without modifying the list of Spanish products.

According to US Foreign Trade representative Robert Lighthizer, "the European Union and its member countries have not taken the necessary steps to comply with the decisions of the World Trade Organization," although he announced that "a new process is starting to try reaching a lasting solution."

Lighthizer stressed that "the volume of European products subject to these measures will remain unchanged at 7,500 million Euro, with sates at 15% for aeronautical products and 25% for all others."

This modification will take effect on September 1, 2020.

 

Source: efeagro.com

 


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