Trump’s triumphant tweet about hitting $11 billion worth of cheese and other EU imports with new tariffs over Airbus subsidies is actually a bittersweet nod to the requirements of a WTO dispute resolution system that his administration has otherwise seem bent on destroying.
or Gouda may soon be subject to new tariffs. With all the nuance that 280 characters allow, he threatened tariffs on $11 billion of European Union products.
The United States claimed, in 2004, that the European Union was providing money to Airbus in a way that was not permitted by the existing WTO agreement on subsidies. There is not much doubt that the EU supported Airbus, but since not all subsidies are banned by WTO agreement, that left some thorny legal questions about whether these subsidies were legit.
In theory, that left the EU with three possible responses: it could get rid of the offending measures; it could pay off the United States; or it could accept U.S. retaliation. Contrast this fight with the U.S.-China dispute over intellectual property, that occurred entirely outside the WTO system. President Trump imposed tariffs on $50 billion of Chinese goods once a U.S. investigation determined that China had harmed the United States. That dispute moved much faster than the Airbus-Boeing case, but also spiraled quickly; China retaliated against billions of dollars of U.S. exports and U.S. tariffs on $250 billion of Chinese exports.
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