The United States has hiked the tariffs on plane imports from the European Union (largely Airbus), from 10% to 15%.
The hike will take effect on 18th March 2020.
In a statement, however, Airbus has expressed concern that the hike will cause more instability for US airlines that are already suffering from a shortage of aircrafts after US’s Boeing stopped the production of its 737 Max.
In October last year, the World Trade Organization gave Washington a go-ahead to impose tariffs on $7.5 billion worth of EU goods annually. It thus imposed a 10% tariff on planes from the European Union, with products such as wine, cheese, olives and coffee attracting a 25% duty.