Report: Airbus Retaliation Level Could Come Within Week or Two
Reuters interviewed the U.S. ambassador to the European Union, who said the U.S. hoped to hear from a World Trade Organization arbitrator in the next week or two about the authorized level of balancing tariffs in response to EU launch…
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aid for Airbus planes. Ambassador Gordon Sondland told Reuters informal conversations with the EU about settling the Airbus-Boeing dispute before imposing tariffs had "really gone nowhere," but he left open the possibility of an eventual settlement. The U.S. argues the damage done by illegal EU subsidies adds up to $11 billion (see 1904090057), and it has prepared a list of products worth more than twice that much (see 1907020010).