The United States on Monday told the WTO that it regretted the European Union’s seeking retaliatory tariffs for Boeing subsidies, and that it favoured a “negotiated resolution” with the bloc over its subsidies to rival planemaker Airbus, Trend reports with reference to Reuters.
The U.S. speech, seen by Reuters, came at a meeting of the World Trade Organization’s Dispute Settlement Body (DSB) which gave its formal clearance on Monday for the EU to impose tariffs on $4 billion of U.S. goods.
“In conclusion, the United States strongly favors a negotiated resolution of its dispute with the EU over the massive launch aid subsidies it provided to Airbus. The United States has recently provided proposals for a reasonable settlement that would provide a level playing field,” the U.S. delegation said.