Paris, France—European aerospace giant Airbus said on Saturday it “deeply regrets” Washington’s move to increase tariffs on its planes imported into the United States from Europe.
Friday’s decision to hike tariffs to 15 percent from March 18 “further escalates trade tensions between the US and the EU,” the company said in a statement.
This creates “more instability for US airlines that are already suffering from a shortage of aircraft.”
The duties have been at 10 percent since October, when Washington slapped tariffs on $7.5 billion of European products.
Airbus said the latest decision also “ignores the many submissions made by US airlines, highlighting the fact that they-–and the US flying public-–will ultimately have to pay these tariffs.”
The office of the United States Trade Representative made the tariff announcement just days after President Donald Trump said it was time to talk “very seriously” about a trade deal with the European Union.