The Limited Times

Now you can see non-English news...

Boeing-Airbus: Washington maintains taxes on European products

2021-02-12T05:28:10.405Z


These taxes, put in place by Donald Trump before leaving the presidency, were extended by his successor Joe Biden.


The Biden administration announced the maintenance for the moment of additional taxes on certain European products, which entered into force on January 12, in the framework of the old dispute between Boeing and Airbus.

Read also: Macron offered Biden to settle the dispute between Airbus and Boeing, according to CNBC

In a notification, to be published Friday in the Official Journal, the services of the US Trade Representative indicate that "

it is not necessary at this stage to review

" this trade sanction.

Since joining the White House, President Joe Biden has hinted that he will not change the additional tariffs that were put in place by the administration of his predecessor Donald Trump.

Taxes announced at the end of 2020

But he expressed his desire to renew peaceful ties with his historic allies, including the countries of the European Union (EU).

The customs duties concerned were announced at the end of 2020 and target French and German products: + 25% on non-sparkling wines, grape must and cognacs, and + 15% on certain aeronautical parts.

Read also: Aeronautics: Airbus and Safran ready to save Aubert & Duval

They had entered into force a few days before the end of Donald Trump's mandate, during which the United States' trade relations with the EU deeply deteriorated.

"

The US trade representative will continue to review the measures taken during the investigation,

" it is notified in the document.

The taxes applied since January are in addition to those imposed since 2019 on European products (wine, cheese, olive oil, whiskey) and on Airbus planes.

European customs duties

Airbus and its American competitor Boeing, and through them the EU and the United States, have been clashing since October 2004 before the World Trade Organization (WTO) over public aid paid to the two groups, deemed illegal, in the longest commercial conflict handled by the justice of the peace of world trade.

Read also: Biden administration requests to suspend WeChat ban

The United States was authorized at the end of 2019 to impose taxes on nearly 7.5 billion dollars of European goods and services imported each year, the heaviest sanction ever imposed by the WTO.

In a mirror decision a year later, the institution authorized the EU to impose taxes on products imported from the United States.

The EU has since imposed tariffs on $ 4 billion in US exports.

French President Emmanuel Macron suggested in a telephone conversation with his US counterpart Joe Biden on January 24 that the two countries settle the old dispute, financial news channel CNBC reported on Wednesday.

Source: lefigaro

All business articles on 2021-02-12

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.