MARKETING NEWS
Europe Can Impose Tariffs on U.S. in Long-Running Aircraft Battle
“Airbus did not start this W.T.O. dispute, and we do not wish to continue the harm to the customers and suppliers of the aviation industry and to all other sectors impacted,” Guillaume Faury, the company’s chief executive, said in a statement. “It is time to find a solution now so that tariffs can be removed on both sides of the Atlantic.”Boeing said it was “disappointed” that Airbus and the European Union had pursued the tariffs even after the tax break’s repeal, but said the company hoped that both would focus “on good-faith efforts to resolve this long-running dispute.” The European Union had asked the W.T.O. to authorize more than $8.5 billion in annual tariffs, while the United States said they should not exceed $412 million.In a statement, Robert E. Lighthizer, the U.S. trade representative, said that the European Union had no valid basis to impose tariffs since Washington had already repealed its tax break, and that the United States would seek more negotiations with Europe.“Any imposition of tariffs based on a measure that has been eliminated is plainly contrary to W.T.O. principles and will force a U.S. response,” he said. “The United States is determined to find a resolution to this dispute that addresses the massive subsidies European governments have provided to Airbus and the harm to U.S. aerospace workers and businesses.”Valdis Dombrovskis, the European Commissioner for Trade, said in a statement that while the decision allowed the European Union to impose tariffs on American products, it would do so “reluctantly.”“I have been engaging with my American counterpart, Ambassador Lighthizer, and it is my hope that the U.S. will now drop the tariffs imposed on E.U. exports last year,” he said. “If it does not happen, we will be forced to exercise our rights and impose similar tariffs.”Ole Moehr, an associate director at the Atlantic Council’s GeoEconomics Center, said that, in the short run, there were likely to be more barriers to trade than before, but that the ruling might ultimately “open the door for a trans-Atlantic trade détente.”
Source link
froleprotrem
at
Good day! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us beneficial information to work on. You have done a marvellous job!
art
at
You are my aspiration, I own few web logs and rarely run out from to post .
Leung
at
Pretty! This was a really wonderful post. Thank you for your provided information.
beard oil review
at
Whats up very nice site!! Man .. Beautiful .. Wonderful .. I’ll bookmark your web site and take the feeds additionally…I am happy to seek out a lot of useful info right here within the submit, we’d like work out extra techniques in this regard, thanks for sharing. . . . . .
best beard oil
at
I’ve recently started a web site, the information you provide on this web site has helped me greatly. Thank you for all of your time & work. “My dear and old country, here we are once again together faced with a heavy trial.” by Charles De Gaulle.
Reflective rolls
at
Thanks for this marvellous post, I am glad I detected this site on yahoo.
Estudiar sonido
at
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
how to use lut
at
I am not sure where you’re getting your information, but good topic. I needs to spend some time learning more or understanding more. Thanks for excellent information I was looking for this info for my mission.
brujos online
at
I am continually searching online for posts that can facilitate me. Thank you!
brujos online
at
Wonderful goods from you, man. I’ve understand your stuff previous to and you are just too wonderful. I really like what you’ve acquired here, certainly like what you’re saying and the way in which you say it. You make it entertaining and you still care for to keep it smart. I can’t wait to read much more from you. This is actually a great website.