The EU is threatening to take "decisive action" against the US over its unwillingness to settle the issue of aircraft subsidies and its plan to conduct new investigations in trade deficits.
The aircraft trade dispute dates back to 2004 over subsidies for Europe's Airbus and US planemaker Boeing.
The World Trade Organization (WTO) has awarded the US the right to impose duties on $7.5 billion worth of European goods related to Airbus subsidies. It is expected to rule in September what Europe can do in support of Boeing.
According to European Trade Commissioner Phil Hogan, the US had twice rejected EU's proposals to settle the aircraft trade dispute and is hoping for the WTO to find a solution in September.
Hogan wants to "reassure people" about a strong and decisive action by the EU if they didn't get the outcome they expected from the US to finalize the dispute.
Hogan called the US's "Section 232" investigations, which assess the national security impact of imports to the US, unacceptable, and said it would prompt them to "stand together and act."
The US investigations will be made on mobile cranes, transformers, and steel products, including nails, and would check the impact of the planned EU digital services taxes on US commerce.
US President Donald Trump had been critical of the EU over its trade surplus and imposed tariffs on metal imports from the EU and threatened similar action against its cars.


Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus
Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement
Dollar Slips After Fed Minutes as Iran Tensions, Inflation Risks Keep Markets Cautious
Deutsche Bank Sees Global Capital Shifts Reshaping Long-Term U.S. Dollar Outlook
Wall Street Rises as SK Hynix’s Record Nasdaq Debut Steals Spotlight Ahead of U.S. CPI Data
Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears
Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets
Asian Stocks Rise as AI Chip Rally Offsets Middle East Tensions
Fed Reaffirms 2% Inflation Goal, Vows Forceful Action to Anchor Price Expectations
US Back-to-School Spending Seen Falling as Families Focus on Essentials
European Regulators Clash With U.S. Treasury Over Private Credit Transparency
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher
Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework
US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise




