The World Trade Organisation (WTO) today announced the levels of tariffs authorised on imports of products into the United States (US) from the European Union (EU).
The decision follows its ruling on a case brought by the US against the European Union in a dispute over trade in large commercial aircraft manufactured by Airbus. A further ruling in the case brought by the EU against the US over support for Boeing is expected in the coming months.
ADS Chief Executive Paul Everitt said:
“Trade disputes and tariffs disrupt healthy competition, threaten jobs, and risk reducing the choice available to consumers, both in the aerospace market and the wider global economy.
“It is in the interest of the whole global aerospace industry that a negotiated solution is found to this dispute, removing the threat of tariffs. This is a sector where low tariffs have helped manufacturers deliver safe, advanced and increasingly fuel-efficient aircraft to our customers around the world.
“We urge the EU and US authorities to work together to find a mutually beneficial solution that sustains open and competitive markets.”