EU says it wants deal with US after WTO ruling

Tuesday, 13. October 2020 16:41

The European Union wants to engage in talks to reach a "negotiated settlement" with the United States after the World Trade Organization (WTO) ruled in Brussels' favor on Boeing subsidies, European Commission Executive Vice President Valdis Dombrovskis said in a tweet on Tuesday.

"The EU will immediately re-engage with the U.S. in a positive and constructive manner to decide on next steps. Our strong preference is for a negotiated settlement. Otherwise, we will be forced to defend our interests & respond in a proportionate way," Dombrovskis wrote.

The comments come as the WTO said US subsidies to Boeing were illegal, therefore allowing the EU to place tariffs worth around $4 billion on goods from the US.

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