Airbus says it “deeply regrets USTR’s decision to increase tariffs on aircraft imported from the EU as well as the decision to maintain tariffs on goods from other sectors.”
The US Trade Representative hiked the tariffs on imported Aircraft from the previous 10% to a level of 15% effective March 18, 2020,
USTR was permitted to impose up to 100% tariffs on certain imported goods, including Airbus jets.
Airbus established A320 and A220 assembly plants in Mobile, Alabama, U.S.A and 40% of its aircraft-related procurement comes from US companies.
The ruling, will hike the price of Airbus Aircraft in U.S and will be effectively passed on to US passengers.
“Airbus has and will continue to push for a negotiated settlement to this 15-year-long dispute. USTR’s further escalation complicates efforts to find a negotiated outcome to this dispute. This is regrettable.” says Airbus
and added “Airbus hopes that USTR’s position will change, especially when the WTO will authorize the EU to impose tariffs on Boeing aircraft, including the 737Max, 787 and 777 aircraft in the May/June timeframe.”