D.He said the European Union and the United States were suspending penalties in a dispute over subsidies for Airbus and Boeing. Commission chairman Ursula van der Leyen said on Friday after a phone call with new US President Joe Biden that both sides had initially agreed to suspend tariffs for four months in order to resolve the years-long smoking conflict. The White House in Washington issued a similar statement.
Van der Leyen quoted this result as “a symbol of a new beginning” in Atlantic relations. The day before, two trade representatives from Great Britain and the United States had agreed to the same procedure. In a recent interview with the FAZ, Commerce Commissioner Valdis Dombrovsky left the conflict with Fiden and worked on “how we want to shape the development of civil aviation manufacturers in the future.” This is about China.
The World Trade Organization (WTO) has decided several times in recent years that Airbus and Boeing are being illegally subsidized with billions of dollars. In 2019, the World Trade Organization approved penalties for Americans on EU imports of $ 7.5 billion annually. By 2020, the EU will allow imports of $ 4 billion (3. 3.4 billion) in tariffs.
Trump is not the only first tariff
The European Union implemented its penalties in the autumn after the Biden election. This is explained by the fact that those in charge of the EU are not sure that the US trade policy stance will change under Fed. In fact, as soon as Biden took office his predecessor Donald Trump reversed many of his decisions, but it was noted with caution that he did not stop tariffs against the EU. In addition to the penalties in the Airbus-Boeing dispute, these are the charges levied by Americans under Trump for importing steel and aluminum. In both cases, the EU offered to suspend tariffs for half a year.
In addition to ketchup and tractors, the Airbus-Boeing conflict also affected European import tariffs on cranberries, nuts, tobacco products, rum, vodka and game consoles. In addition, shovel loaders and aircraft are on the EU’s penalty list. The penalty for the aircraft is 15 percent, and 25 percent for all other products. In addition to airfare, U.S. penalties affect wine from Germany and France, Parmesan from Italy and olive oil from Spain.
The U.S. side has said it has canceled tax breaks for the production of aircraft in good time and that EU tariffs are not justified because of government support for Boeing. Under Trump, Americans demanded that the EU repay aid to Airbus before negotiations could begin. No more questions about that. The conflict over illegal subsidies for aircraft manufacturers is old and Donald Trump’s protectionist trade policy is unknowable.