FILE PHOTO: U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir
(Reuters) – The United States is weighing its tariffs on European products and is considering changing rates for various products as part of the trading partners’ aircraft dispute, according to a notice by the Office of the U.S. Trade Representative.
“In connection with this review, the U.S. Trade Representative is considering modifying the list of products of certain current or former EU member States that currently are subject to additional duties,” the filing posted late on Tuesday said.
The World Trade Organization previously found the world’s two largest planemakers received billions of dollars of unfair subsidies, and last year allowed the United States to levy tariffs on $7.5 billion worth of EU goods, including aircraft, wines and cheese in response to Airbus subsidies deemed illegal.
The notice, first reported by Bloomberg, was posted on the USTR website and is set to be formally published in the Federal Register on Friday.
The USTR said it said it may modify duties on a range of EU products, including maintaining current tariffs or increasing them, and was weighing tariffs on other products from Britain, France, Spain and Germany that have an approximate value of $3.1 billion.
The WTO is also considering granting the EU similar tariff rights regarding support it deemed illegal for Boeing.
Reporting by Kanishka Singh in Bengaluru; Phil Blenkinsop in Brussels and Susan Heavey in Washington; editing by Louise Heavens and Chizu Nomiyama