The European Union is demanding that the U.S. immediately lift the tariffs it imposed last year in a 16-year aerospace-subsidies dispute.
The U.S. hit the EU with the tariffs—on products ranging from aircraft to clothing and cheese—last October, as punishment for the illegal subsidies some countries gave to the European plane-making consortium Airbus.
However, on Friday Airbus announced that the last of the subsidies, judged illegal by the World Trade Organization (WTO), had been removed via amendments to investment contracts with the Spanish and French governments. Now, the EU says it’s time for the U.S. to roll back its tariffs.
