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Trade: Europe ready to sanction the United States despite the election of Biden

2020-11-08T21:56:37.185Z


A majority of EU countries want to impose tariffs on American products in the context of the Airbus-Boeing conflict.


The proclaimed election of Joe Biden will certainly not end overnight the trade tensions between the European Union and the United States.

A council of European foreign ministers devoted to trade is convened on Monday.

On the agenda: the customs sanctions that the EU is authorized to take against Washington since the green light from the World Trade Organization (WTO), granted on October 13.

The Geneva institution had - finally - ruled in the dispute between the two sides of the Atlantic for more than fifteen years on state aid granted to Boeing and Airbus.

Read also:

US Presidential election: no substantive change expected on the trade front

The WTO treated the reciprocal accusations separately.

So much so that in October 2019 it, in a first step, authorized the United States to sanction the EU on 7.5 billion dollars of exports, the estimated amount of damage.

The Trump administration then rushed to overtax a series of European products, starting with Airbus (by 15%), but also

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Source: lefigaro

All news articles on 2020-11-08

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