Not in the mood to German jam? The US President conceded punitive tariffs

Also, the rates of duty remained unchanged. The Changes were modest, said the US trade representative Robert Lighthizer on Wednesday evening (local time). tit-

Not in the mood to German jam? The US President conceded punitive tariffs

Also, the rates of duty remained unchanged. The Changes were modest, said the US trade representative Robert Lighthizer on Wednesday evening (local time).

tit-for-tat for EU subsidies to Airbus

The world trade organisation, WTO, had given Washington the end of 2019 the right to impose punitive tariffs of up to 100 percent on Goods to the value of 7.5 billion dollars (6.7 billion euros). Background year-long illegal subsidies for the European aircraft manufacturer Airbus. Already last October were from the US, therefore customs duties penalty in the amount of 25 percent to a range of products from Europe have been adopted.

the Airbus Group (EADS) 74,85 EUR -1,27 (-1,67%) To Affected Xetra

  • 1 day
  • 6 months
course data

for example, wine from Germany and France, Parmesan from Italy and olive oil from Spain. In addition, the U.S. imposed imports a punitive tariff on Aircraft. The special levy was increased in February from ten to 15 percent. The US government had notified at the end of June, and to consider new punitive tariffs on products from Germany, France, Spain and the United Kingdom for the Airbus subsidies in countries which are responsible -.

The EU and the member States had not yet taken the necessary measures to comply with the requirements of the WTO, said the US trade representative. The United States wanted to reach a long-term solution to the dispute.

warnings from the EU go unheard

The EU had warned Washington recently that it is a serious for the economy, negative Changes to the criminal tariff list. Above all, the possibility, the concern of the customs duties concerned all the six months Were to change to (the carousel mechanism), in the case of companies for uncertainty to inflict unnecessary damage on both sides of the Atlantic, it had welcomed. This was especially important in the Wake of the Covid-19-crisis in the case. By the interference of other supply chains, the US could customs duties the damage caused by their criminal once again increase.

the EU has a balanced, negotiated solution a top priority. The responsible EU Commissioner, Phil Hogan work actively with Lighthizer, in order to prevent the escalation of the trade to the realities of political hostility, had said a spokeswoman on Wednesday before the announcement from Washington.

In another method, identified by the WTO Arbitrator also illegal U.S. subsidies for Airbus rival Boeing. In this case, the approval of criminal sanctions, is pending. The EU is expecting in the autumn, with punitive measures in a volume of several billion euros.

New Video from Beirut for the first in a Explosion and a huge shock wave in slow motion FOCUS Online New Video from Beirut for the first in a Explosion and a huge shock wave in slow motion

mbe/dpa
Updated Date: 13 August 2020, 02:26

You need to login to comment.

Please register or login.

RELATED NEWS