EU says it would act tit-for-tat against the US on aircraft tariffs

The European Union (EU) came out with the latest statement on Tuesday, responding to the US Treasury’s report that the US is weighing tariffs on $11bn in EU products over Airbus subsidies.

Key Headlines:

It would act tit-for-tat against the US on aircraft tariffs.

WTO unlikely to allow US tariffs on $11 billion of imports.

It is preparing its own retaliation over Boeing aid.