NewsUS holds off on extra tariffs in EU Airbus...

US holds off on extra tariffs in EU Airbus dispute – Updates

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite the European Union’s moves to resolve a 16-year-old dispute over aircraft subsidies.

  • On Wednesday, the U.S. government said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.
  • U.S. Trade Representative Robert Lighthizer said the EU had not taken actions necessary to comply with World Trade Organization decisions, and Washington would initiate a new process to reach a long-term solution.

On Wednesday, Airbus said it regretted a U.S. decision to keep in place 15% tariffs on Airbus aircraft despite European Union actions to comply with World Trade Organization rulings and said it expected Brussels to defend European interests.

“Airbus profoundly regrets that, despite Europe’s recent actions to achieve full compliance, USTR has decided to maintain tariffs on Airbus aircraft — especially at a time when aviation and other sectors are going through an unprecedented crisis,” Airbus spokesman Clay McConnell said in a statement. “Airbus trusts that Europe will respond appropriately to defend its interests and the interests of all the European companies and sectors, including Airbus, targeted by these tariffs.”

On Wednesday, the U.S. government said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.

U.S. Trade Representative Robert Lighthizer said the EU had not taken actions necessary to comply with World Trade Organization decisions, and Washington would initiate a new process to reach a long-term solution.

Lighthizer’s office said it would modify its list of $7.5 billion of affected European products to remove certain goods from Greece and Britain, adding an equivalent amount of goods from Germany and France.

Last month, Airbus said it would increase loan repayments to France and Spain in a “final” bid to reverse U.S. tariffs and jog the United States into settling a 16-year-old dispute over billions of dollars of aircraft subsidies.

Matthew Leisinghttps://www.newsalarms.com/
I cover market structure for News Alarms, specifically how the bond, derivatives, and cryptocurrency markets work or don't.

Latest news

Statline: Changing the sports news industry

Madison, Wisconsin, 25 July 2021, ZEXPRWIRE, I had the honour of speaking to someone from Statline who are claiming...

Royal Corgi Set To Spice the Market With July 28 Token’s Fair Launch

London, UK, 25 July 2021, ZEXPRWIRE, Charity-focused meme coin honoring Queen Elizabeth’s corgis sets sights on the Ethereum dividend...

Cardence: Revolutionizing Decentralised launchpad space, Creating trustless affiliate marketing for presales

Bengaluru, India, 25 July 2021, ZEXPRWIRE, Ever since the ICO boom in 2017, Initial coin offerings have come a...

ArenaSwap: The First BSC Based Platform Making Yield Farming Fun

NYC, NY, USA, 25 July 2021, ZEXPRWIRE, The process of farming yields in the Defi world has for quite...

Deeper Network Inc. to Launch IPO of Limited-Edition NFTs for Equity Subscription

Santa Clara, CA, 24 July 2021, ZEXPRWIRE, Deeper Network Inc launched an IPO-NFT for equity subscription. The company’s product,...

BM CAFE IMPORT AND EXPORT HOLDING, LLC announces the Launch of their Crowdfunding Campaign

Salt Lake City, US, 24 July 2021, ZEXPRWIRE, Market Overview: The Brazilian solar energy market is expected to witness a CAGR...

Must read

How you can use cryptocurrency for your benefit in 2021

Using cryptocurrencies A cryptocurrency or online currency is digital money....

Xiaomi and Mercedes-AMG Petronas present limited Formula 1 e-scooters

So far, e-scooters have not really impressed with their...

You might also like
Recommended to you