There is no formal response regarding US intention to impose Section 301 tariffs as retaliation for Airbus subsides yet. But Reuters reported, based on unnamed source, EU believed US measures was “greatly exaggerated” and the amount of retaliation could only be determined by a WTO arbitrator.
Meanwhile, EU is preparing for possible retaliation over subsidies for Boeing. The source noted “in the parallel Boeing dispute, the determination of EU retaliation rights is also coming closer and the EU will request the WTO-appointed arbitrator to determine the EU’s retaliation rights.”
