Trump: The United States Wants to Impose Tariffs on 11 Billion US Dollars of EU Products

in #trump5 years ago

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President Trump said the United States will impose tariffs on imports from the EU worth more than $11 billion. WTO ruling last year, the EU illegal subsidies to aircraft maker Airbus.

WTO ruling that European countries provide to Airbus $ 22 billion in government aid to help manufacturers Airbus A380 and A350 jets, undermines its US competitor Boeing last year.

Trump said Tuesday, in view of the WTO has made EU subsidies, "the United States had a negative impact," the ruling, the US "will now $ 11 billion of the European Union to impose tariffs on! The EU accounted for over the years of cheap US in trade this phenomenon will soon come to an end! "

Although Trump made Zhefan announced, but the new tariff list yet will not take effect, the United States could have to wait for the WTO to arbitrate tariffs range decision is expected before making this decision a few months later.
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Before the Trump took office 27 months ago, the EU and the United States had fought for each other for the subsidies of Airbus and Boeing for many years. The WTO has made unfair rulings on both sides in different situations.

US Trade Representative Wright Heze announced on Monday that the United States intends to impose tariffs on US$11.2 billion in European imports. At that time, he said: "The case has been litigated for 14 years. Now is the time to take action. Our ultimate goal is to reach an agreement with the EU to terminate all large-scale civil aircraft subsidies that are inconsistent with WTO regulations."
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He added: "When the EU ends these harmful subsidies, the tariffs imposed by the United States in response can be cancelled."
The list of new tariff products proposed by the US Trade Representative is 14 pages long, including some civil aviation products, including Airbus aircraft, and imposes new tariffs on foods and clothing such as swordfish, salmon, cheese, olive oil and wine.

The United States said that once the WTO reports on the scope of tariffs, the US will announce the final list of products.

In July last year, US President Trump and European Commission President Juncker agreed not to impose new tariffs on the negotiations between the two sides. Since then, the two sides have been working hard to negotiate a new trade agreement.
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At the same time that the US and Europe are not battling for the issue of Airbus subsidies, Boeing is facing a crisis that has lasted for several weeks. Indonesian Lion Air and Ethiopian Airlines successively crashed the Boeing 737Max passenger plane, killing 346 passengers and crew. The authorities are investigating the cause of the accident. During this period, all Boeing 737Max aircraft were grounded worldwide.

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We got plenty of salmon, cheese and wine in America so if they know what is good for them they will do what he say.
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The EU is at the point they will need Greese to bail them out. The 11B will be a good start, cars next.

Cheers

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