<2> EU Says It Will Accept No Increase in US Tariffs After Supreme Court Ruling: ‘A Deal is a Deal’
<3> Background on the US-EU Trade Dispute
The ongoing trade dispute between the United States and the European Union has been a contentious issue for several years. The dispute centers around the EU’s aircraft subsidies to Airbus, which the US has deemed to be unfair and in violation of World Trade Organization (WTO) rules. In response, the US imposed tariffs on EU goods, including aircraft and wine.
<3> Supreme Court Ruling
Recently, the US Supreme Court ruled that the US tariffs on EU goods were lawful, citing a 2019 ruling by the WTO that found the EU’s subsidies to Airbus to be in violation of WTO rules. The ruling was seen as a major blow to the EU, which had been hoping to have the tariffs lifted.
<3> EU Response
In response to the Supreme Court ruling, the EU has stated that it will accept no increase in US tariffs after the ruling. EU Trade Commissioner Valdis Dombrovskis said, “A deal is a deal, and we expect the US to respect it.” The EU has also threatened to take further action if the US does not lift