On the 9th, the EU Trade Minister held a video conference. The Executive Vice President of the European Commission and EU Trade Commissioner Don Brovskis subsequently announced that the EU will impose punitive tariffs on US$4 billion in US goods from the 10th, which is today, as a subsidy for Boeing. Retaliatory measures.
Eastbrowskis said that due to the aviation subsidy dispute between the United States and the European Union, the United States has begun to impose tariffs on the European Union after the World Trade Organization’s ruling; now, the European Union also has the WTO ruling on the Boeing Company. Punitive tariffs can also be imposed. Currently, this decision to impose tariffs has been approved by EU member states.
However, Donbrowskis also emphasized that the EU’s negotiations have always been open, and it is hoped that both parties will eventually withdraw the punitive tariffs.
According to the list released by the European Union that day, American products subject to punitive tariffs include a variety of Boeing airplanes, tractors, fitness equipment, suitcases and salmon.
The United States and Europe mutually sued each other for illegal subsidies to their respective aircraft manufacturers
The EU and the United States have been fighting over aviation subsidies for 16 years. In 2004, the United States filed a lawsuit with the WTO, accusing the European Union of providing illegal subsidies to Airbus in various forms, and the European Union subsequently sued the US government for providing illegal subsidies to Boeing.
In October last year, the WTO ruled that the EU illegally subsidized Airbus, authorizing the United States to impose punitive tariffs on US$7.5 billion worth of EU goods each year. Subsequently, the United States began to impose additional levies on Airbus aircraft from the European Union and products such as wine and cheese. tariff.
On October 26 this year, the WTO ruled that the EU can impose a punitive tariff of 4 billion U.S. dollars on the United States each year in retaliation for the United States’ illegal subsidies to Boeing. The European Union subsequently sought to negotiate with the United States and proposed that “once the European Union agrees to abolish the punitive tariffs, the United States will immediately stop the punitive tariffs on Airbus”, but so far, the United States has not agreed to the EU’s negotiation requirements.
