BRUSSELS, April 10 (NNN-AGENCIES) — The European Commission has begun preparations for possible retaliation against Boeing subsidies, the EU executive said, a day after Washington drew up a list of EU imports to hit with tariffs over subsidies given to Europe’s Airbus.
“The Commission is starting preparations so that the EU can promptly take action based on the arbitrator’s decision on retaliation rights in this (Boeing) case,” a Commission spokesman said.
“The European Union remains open for discussions with the United States, provided these are without preconditions and aim at a fair outcome,” he continued.
The US threatened to impose tariff counter measures of up to $11.2 billion on a host of European products in response to subsidies received by aircraft maker Airbus.
In a statement, the office of the US Trade Representative (USTR) said the World Trade Organization (WTO) had repeatedly found that EU subsidies to Airbus have caused adverse effects to the United States. — NNN-AGENCIES
