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EU-U.S. Trade War Escalates Over Disputed Aviation Subsidies

  • The U.S. eyes new tariffs in response to EU aid to Airbus
  • European Union to retaliate over U.S. subsidies to Boeing
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The U.S. is turning up the heat again, proposing tariffs on Airbus to counter EU subsidies. Derek Wallbank reports.(Source: Bloomberg)
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The European Union is preparing retaliatory tariffs against the U.S. over subsidies to Boeing Co., significantly escalating transatlantic trade tensions hours after Washington vowed to hit the EU with duties over its support for Airbus SE.