US News Grants in Airbus and Boeing: the United States want to settle the conflict by July

11:50  14 may  2021
11:50  14 may  2021 Source:   pressfrom.com

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Subventions à Airbus et Boeing : les Etats-Unis veulent régler le conflit d’ici juillet © Pixabay Grants to Airbus and Boeing: The United States Want to settle the conflict by July The Biden Administration assured Thursday May 13 that it was doing its best to find an agreement by July an agreement ending the old litigation between the United States to the European Union on illegal subsidies granted to Airbus and Boeing aircraft.

The American representative at the Katherine Tai Trade repeated at a hearing before the House of Representatives, Thursday, May 13, that his objective was to conclude an agreement ending the Airbus-Boeing conflict within two months, in accordance with the truce. Announced early March on punitive tariffs. "I have a lot of hope and we will do everything in our power to make sure we reach the goal during this four-month period," she assured. If it has noted "the potential to achieve" in terms of economic cooperation between the United States and the countries of the European Union, as the day before before the Senate, it has not unveiled where the negotiations were or the negotiations or Possible storms of stumbling.

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On the Brussels side, no information has no more filtered on the potential progress to resolve this conflict that has lasted for 17 years. Asked on the possible repulposition of tariffs on European products in the event of a failure of the discussions, the American ambassador bypassed the subject by stressing: "I am very serious about reaching a resolution during these four months , so we do not even need to discuss whether or not to reintroduce tariffs because we would not have achieved our goal. "

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Washington and Brussels had decided early March to suspend for a period of four months the customs duties they inflict In this dispute opposing the European aircraft airbusher to his American rival Boeing. This announcement had been welcomed, particularly in France where the 25% surcharged imposed in October 2019 by the United States, the first market for French wines, cost 500 million euros to the sector in 2020. The tax had Then was extended to Cognac and Armagnac by Donald Trump in January 2021, just before leaving the White House.

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"Find an answer" to this conflict

Paris has continued to denounce an unfair tax since retaliation measures are aimed at products outside the aerospace sector. The European Union and the United States has been competing since October 2004 before the World Trade Organization (WTO) on public aid paid to both groups, judged illegal. Under the Trump administration, Washington had been authorized in October 2019 to impose taxes on nearly $ 7.5 billion (€ 6.8 billion) of European goods and services imported each year, up to 25% for Wines and spirits, and 15% for Airbus aircraft.

In a mirror decision a year later, the WTO had authorized Brussels to put in place taxes on products imported from the United States. Since then, the EU has imposed tariffs on $ 4 billion in US exports. Upon arrival, Katherine Tai had recognized the "necessity for the United States and the EU to unite to find an answer" to this conflict that has been going on for too long. However, it stressed that the use of punitive customs duties was sometimes necessary and could constitute a leverage in the negotiations. It was precisely the argument of the Trump administration that had embarked on all-round tariff wars and in particular with Brussels.

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Thursday, Katherine Tai has nevertheless seemed to qualify his position on the protectionist measures by saying that she worked "tear to solve some of the disputes which are treated for the moment through customs rates ". "Apply the rules of commerce, it is not happening to the point where we can punish the other party; what we are trying to do, it is always to reach the point where we can negotiate a solution, or a Accommodation, where it is possible, "she also commented. In the Airbus-Boeing conflict, Katherine Tai highlighted his desire to demonstrate that this long conflict was finally "a huge waste of time".

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