US threatens tariffs on $11 billion of European goods over Airbus subsidies

The United States is threatening to impose tariffs on European goods worth billions of dollars, intensifying a long-running dispute over aircraft subsidies. The United States Trade Representative proposed levies on hundreds of categories of exports on Tuesday in retaliation for the European Union allegedly providing subsidies to Airbus. The goods range from Airbus jets and their components to European staples like wine, cheese and frozen fish. These exports are worth about $11 billion every year to European countries, roughly equal to the damage the United States believes the subsidies inflicts on Boeing and the US economy.

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