US to Raise Tariffs on European Aircraft in Ongoing Dispute Over Subsidies

An Airbus A380 takes off for its demonstration flight at the Paris Air Show in Le Bourget airport, Paris, on June 18, 2015. AP Photo/Francois Mori

The U.S. Trade Representative’s Office (USTR) on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.

The USTR said it remained open to reaching a negotiated settlement with the EU on the issue, but could revise its actions if the EU imposed tariffs of its own in connection with a pair of disputes over the subsidies.