Rolling coverage of the latest economic and financial news, as America leaves tariffs on a range of European goods in a long-running row over aircraft subsidies
US leaves tariffs on Airbus, and EU wine
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U.S. Trade Representative Robert Lighthizer said the EU had not taken actions necessary to come into compliance with World Trade Organization decisions, and Washington would initiate a new process to try to reach a long-term solution.
Lighthizer’s office said it would modify its list of $7.5 billion of affected European products to remove certain goods from Greece and Britain, adding an equivalent amount of goods from Germany and France.
“The EU and member states have not taken the actions necessary to come into compliance with WTO decisions.
The United States, however, is committed to obtaining a long-term resolution to this dispute.
“The Commission acknowledges the decision of the US not to exacerbate the ongoing aircraft dispute by increasing tariffs on European products.”