Re:Airbus hit as new US tariffs come into force
by rootsudo on Tuesday January 12, 2021 @01:57PM
(#25751628)
This is not new, it's also in lieu of actions that happened some 17 years ago:
"In 2004, the US argued that the French, Spanish, British and German governments had handed out loans to Airbus at interest rates well below market standards. The WTO ruled in favor of the US and decided that, as compensation for the damage caused to the US aviation industry, Washington could impose as much as $7.5 billion (€6.34 billion) worth of European exports. The decision principally affected products from Germany, the United Kingdom, France and Spain."
"In 2004, the US argued that the French, Spanish, British and German governments had handed out loans to Airbus at interest rates well below market standards. The WTO ruled in favor of the US and decided that, as compensation for the damage caused to the US aviation industry, Washington could impose as much as $7.5 billion (€6.34 billion) worth of European exports. The decision principally affected products from Germany, the United Kingdom, France and Spain."
https://english.elpais.com/economy_and_business/2020-08-13/u...
Lest we forget that EU also has high tariffs on US cars, and other exports.