The United States is set to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the European Union, in a move branded “completely unacceptable” by the Publishers Association.
The tariffs are the latest clash in a 15-year battle between the US and EU over illegal subsidies for Airbus and US rival Boeing, after the World Trade Organisation (WTO), gave Washington the green light to impose the tariffs as punishment for illegal EU aircraft subsidies.
(BookBrowse note–this round of tariffs seems particularly futile given that the WTO is currently reviewing the counter case of the U.S.’s illegal subsidies of Boeing, and is expected to announce its ruling early next year – which will likely be in the E.U.’s favor.)
