EU Threatens $12 Billion In Tariffs Over US Boeing Subsidies

The EU on Wednesday unveiled a wide-ranging list of US-made goods, from beeswax to car parts, subject to tariffs in retaliation for subsidies to Boeing as a transatlantic trade war risked re-erupting

Brussels, (APP - UrduPoint / Pakistan Point News - 17th Apr, 2019 ) :The EU on Wednesday unveiled a wide-ranging list of US-made goods, from beeswax to car parts, subject to tariffs in retaliation for subsidies to Boeing as a transatlantic trade war risked re-erupting.

"European companies must be able to compete on fair and equal terms... We must continue to defend a level-playing field for our industry," said EU Trade Commissioner Cecilia Malmstrom in a statement.

Europe's $12 billion claim against Boeing comes on the trail of a similar demand by the US for $11 billion in compensation for EU subsidies towards Airbus.