US refuses to cut European tariffs in Airbus subsidy row – business live


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

7.31am BST

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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.

Related: Scotch whisky and French wine hit by $7.5bn US tariffs

“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.

Related: Airbus takes final approach to settle 16-year WTO row with US

“The Commission acknowledges the decision of the US not to exacerbate the ongoing aircraft dispute by increasing tariffs on European products.”

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