US threatens to impose sanctions on European products
The World Trade Organisation (WTO) ruled last Tuesday that the EU had maintained illegal support to Airbus, prompting the US to threaten sanctions against European products in the first of two key aircraft subsidy decisions due this year, news wires reported. US Trade Representative Robert Lighthizer said the US would slap countermeasures on European goods unless the EU stopped “harming US interests”. WTO rules allow it to target any industry since all goods fall into one category. “It is long past time for the EU to end these subsidies,” he said.