Levy will rise to 15% from 10%, as Airbus warns that higher EU tariffs on Boeing planes are likely soonThe United States imposed punitive taxes on $7.5 billion in European products after the WTO gave Washington a green light to take retaliatory trade measures against the EU over its subsidies to the European aerospace giant Airbus. (AFP Photo)WASHINGTON: The United States is increasing tariffs on Airbus planes imported from Europe to 15% beginning March 18, authorities announced on Friday. The duties have been at 10% since October, when Washington hit $7.5 billion in European products with tariffs. Airbus said on Saturday that it “deeply regretted” the US decision, which it said would hurt American airlines and their customers. Industry executives in Europe and the United States are on tenterhooks awaiting each new announcement from trade authorities.

Source: Bangkok Post February 15, 2020 02:15 UTC