That’s five times larger than the U.S. has said it plans to impose on EU goods over state support for Airbus, the principal rival of Boeing.
Robert M. Tobiassen, president, National Association of Beverage Importers, noted “this is much higher than most people expected and changes the dynamics in the negotiations with the U.S. Trade Representative on the Airbus tariffs.”
Neither Boeing of the U.S. Trade Representative’s office had immediate comment.
The EU’s action was first reported by Reuters, citing people familiar with the matter. Reuters sources also said EU tariffs on Boeing’s jets and other products aren’t likely to be formally adopted by the WTO. The EU is trying to avoid the U.S. presidential election.