US President Donald Trump threatens Europe with a new trade dispute. In the since-year-old conflict to aid for the aircraft maker Airbus ends Trump announced on Tuesday, tariffs on EU products in the amount of eleven billion dollars. “The EU has taken advantage of US in trade for years”, he tweeted. “Soon is the end of it.” A U.S. list that should apply to the tariffs for large transport aircraft and aircraft parts, but also for dairy products, wine, binoculars and swimwear. The EU Commission is preparing, according to its own information counter-measures. It accuses the United States of illegal aid to Airbus-rival Boeing.
The U.S. government had already collected, and 2018 duties on European steel and aluminum imports, and the EU responded with higher tariffs on U.S. products such as of whisky, and Jeans. Trump threatens, moreover, special duties on cars from the EU, the impact would be on BMW, Daimler and VW.
Long-armed
The US trade representative Robert Lighthizer, said that the US wanted an agreement with the EU, an end to all subsidies for aircraft, the wounded, the rules of the world trade organization WTO.
Should exit the EU, from the US point of view, unauthorized aid, could the additional retaliatory duties on EU Goods shall be repealed. Airbus defends itself against accusations of unfair subsidies. There is no legal reason for the of the United States announced retaliatory measures, informed by the aircraft manufacturer. Its extent was greatly exaggerated, and to determine, not the United States but by the WTO.
The German economy Ministry, according to the WTO, will decide in the summer, on the extent of possible sanctions. Whether the punitive tariffs then in force, will also depend on whether there is with the USA an agreement on funding measures for the aviation industry, because the U.S. subsidies for Boeing were currently under review at the WTO, said a spokeswoman. “The EU is open to the offer of dialogue to the United States, to come to a fair solution.”
stock exchanges in Minus
The dispute also weighed on the stock exchanges. So Airbus title, lost around two percent. Also, documents from suppliers and luxury goods companies were under pressure. At the end of March, the U.S. had suffered in the dispute over aid to Boeing in the last instance, before the WTO, a mere. The US government have not taken, as required, any and all tax incentives for the US aircraft manufacturer, had notified to the WTO appellate body at the time.
The decision had also made the way for EU Retaliation. 2018, the WTO had ruled in favor of the United States. At the time, she found that the EU had not fulfilled the requirement, all appropriate aid for Airbus. The conflict had been brewing since 2004. (sda/red)
Created: 09.04.2019, 15:59 PM