FLUSHED with victory before the
World Trade Organisation (WTO), in which the US won a dispute against China's
grain import quotas, American trade officials now threaten US$11 billion in
tariffs on the European Union over aircraft subsidies.
The aim is to force the resolution
of a 14-year dispute before the WTO concerning subsidies the US claims the EU
provided Airbus when it launched the A380 and A350XWB aircraft, reports New
York's FreightWaves.
The $11 billion figure represents
the calculation the US has made for lost sales by US manufacturers such as
Boeing due to Airbus subsidies by EU members.
The proposed US tariffs adds a
second major front to the US-Europe trade discussions. US imports of European
automobiles are the focus of the other possible action, and await a Trump
Administration decision on a US Department of Commerce recommendation from
February 2019.
In the most recent action, the US
Trade Representative identified 317 tariff line items valued at $21 billion for
potential tariffs of up to 100 per cent ad valorem, nine of which are aircraft-
and parts-related to be applied specifically against France, Germany, Spain and
the UK.
Source : HKSG.
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