Cheraw Chronicle

Complete News World

The European Union wants to push the button on the trade dispute with the United States for a long time

The European Union (EU) has proposed to the United States to extend a ceasefire in the conflict over subsidies to aircraft manufacturers Airbus and Boeing. European Trade Commissioner Valtis Dombrovsky said.

The EU seems to want to force the settlement of a long-drawn-out trade dispute with the United States: illegal subsidies to aircraft manufacturers Airbus and Boeing. This is suggested by the statements of the European Trade Commissioner Valdis Dombrovsky in the German newspaper Der Spiegel.

‘We proposed all import tariffs to the United States (Attached to this file, ed.) For six months to find a negotiated solution, ‘said the European trade leader. “This will give the economic sectors and workers on both sides of the Atlantic the breathing space they need.”

Pain point

The airline document has been a major pain point for 16 years between the United States and the European Union. The Americans accused European aircraft manufacturer Airbus’ member states of illegal subsidies. Brussels has accused Washington of providing illegal government assistance to Airbus’ American rival Boeing.


We propose to the United States to suspend all import duties for six months in order to find a negotiated settlement.

Valtis Dombrovsky

European Trade Commissioner

To resolve this dispute, the United States and the European Union went to the World Trade Organization (WHO). The company, headquartered in Geneva, has in recent years convicted both camps of providing illegal subsidies to their aircraft manufacturers.

a

Compromise

Since Joe Biden took office as President of the United States in January this year, the United States and the European Union have been close to each other again. Among other things, they want to create a front against China to force the Asian company into better business practices.


We strive to make purchases as open as possible around the world.

Valtis Dombrovsky

European Trade Commissioner

But both trading partners benefit from the firm resolution of their mutual conflict. Because of the penalties Companies from different sectors In the United States and the European Union.

In retaliation for illegal subsidies to Airbus, the Americans targeted French wines. In contrast, European countries imposed additional taxes on American ornamental fish. These extra taxes are more difficult than ever, and many companies suffer from corona infection.

Buy American

In early March, the two trading blocks had already been agreed Press the pause button for four months In controversy over Airbus and Boeing. So, if Washington takes Brussels’ hand out, that ceasefire could soon be extended to six months.

In a conversation with Der Spiegel, Dombrovsky also pointed out that the EU would closely monitor Fiden’s ‘American buy’ laws. According to those texts, U.S. government contracts can only be assigned to U.S. companies. “But we are as open as possible for tenders around the world,” the European sales manager concluded.