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Original Title: Countering Illegal US and EU Subsidies by Pushing to Increase Tariffs on 26.2 Billion US Products.
The United States implements subsidies to Boeing and the European Union counteracts tariffs. (Source: Associated Press)Overseas Network, November 9 The European Union said on Monday (9) that it is pushing for a plan to impose tariffs on US products worth 4 billion dollars (approximately 26.29 billion yuan) to counter illegal US subsidies for its own aircraft manufacturer. Boeing.
According to the Associated Press (AP) news on the 9th, EU trade ministers are discussing the measure via videoconference. Previously, the international arbitrator last month approved the plan of the European Union, the world’s largest trade group. The World Trade Organization (WTO) used Airbus to obtain government grants a year ago to authorize the United States to impose tariffs on exports from the EU to the United States worth $ 7.5 billion (approximately RMB 49.31 billion). ), including even cheeses and Malt Whiskey and French wine, etc.
After the US government also imposed tariffs on EU steel and aluminum and threatened to impose punitive tariffs on cars, the EU hopes to continue fighting tariffs related to the Airbus-Boeing dispute. However, due to the repeated failure to reach a negotiated agreement, the EU is now ready to announce its punishment. In addition, the European Union announced in October a preliminary list of tariffs imposed on the United States and Canada, which include frozen fish, shellfish, tree nuts, tobacco, rum and vodka, handbags, motorcycle and tractor parts.
Valdis Dombrovskis, Vice President of the European Commission (EU Commission), said: “After the WTO ruling on Airbus, the United States started imposing tariffs. Now, we also have the WTO for Boeing.” The ruling allows us to impose tariffs. This is what we are doing. “Dongbrowskis also said,” Of course, we are open to seeking solutions through negotiations. Our proposal is still valid, that is, both parties Let’s remember the tariffs. “But he also said that despite various calls from the EU,” so far, the United States has not agreed to cancel its tariffs. “
The EU hopes that the next US government can soften its position. In Germany, which holds the rotating presidency of the EU, its Economy Minister Peter Altmaier said the EU has “high expectations” and “hopes that the US elections will also be linked to the return of multilateral international trade, and it is possible “. Get over the conflicts of the past. “
As the new corona virus pandemic ravages the global economy, Europe is reportedly unwilling to escalate trade tensions yet. About 16 million workers on both sides have received jobs supported by the transatlantic trade, which is the largest similar trade relationship in the world economy. Even before the pandemic, tit-for-tat tariffs of the past four years have hit businesses and staff on both sides that make and sell large quantities of goods.(Hou Xingchuan Overseas Network)
