https://www.reuters.com/article/us-...-euros-of-u-s-imports-diplomats-idUSKCN1RO1VK
April 12, 2019 / 11:10 PM / Updated 10 hours ago
Exclusive: EU tariffs to target 20 billion euros of U.S. imports - diplomats
Philip Blenkinsop
3 Min Read
BRUSSELS (Reuters) - The European Commission has drawn up a list of U.S. imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said on Friday.
U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir
President Donald Trump on Tuesday threatened to impose tariffs on $11 billion worth of European Union products over what Washington sees as unfair subsidies given to European planemaker Airbus.
The EU measures would relate to the bloc’s World Trade Organization complaint over subsidies to rival Boeing.
WTO arbitrators have yet to set final amounts of potential countermeasures in each case.
The Commission said earlier this week that it had begun preparatory work on countermeasures in the Boeing case. However, it signaled it was open for talks with the U.S., provided these were without preconditions and aimed to achieve a fair outcome.
EU diplomats said the Commission was expected to publish a list of products on April 17 and begin a process of public consultation, after which the list could then be adjusted.
The final amount decided by the WTO arbitrator could also be lower. The EU had also initially requested that the WTO authorize countermeasures of $12 billion.
The arbitrator’s decision may not come before March 2020. In the U.S. case a WTO decision could come in June or July this year.
“You could say the Commission is preparing early, provoked by the U.S.,” one EU diplomat said.
PLANE DISPUTE, CAR TARIFF THREAT
The dispute between the U.S. and Europe over mutual claims of illegal aid to plane giants to help them gain advantage in the world jet business has dragged on for year.
The case, which has been grinding its way through the WTO for almost 15 years, is approaching the final stages of arbitration after partial victories for both sides.
Trump’s public attack on the EU came as his administration tries to hammer out a trade deal with China after imposing punitive tariffs on $250 billion of Chinese goods.
The EU is expected next week to give final clearance to the start of formal trade talks with the U.S. that could lead to the removal of duties on industrial goods and ease transatlantic tensions.
However, those talks face a series of hurdles, not least the U.S. insistence that market access for its farm products feature in the negotiations, something the EU has ruled out.
The talks follow a detente reached last July when Trump agreed not to impose duties on imports of EU cars while the two sides sought to improve economic ties.
Germany, whose exports of cars and parts to the U.S. account for more than half the EU total, wants to press ahead with talks to ward off tariffs its carmakers, including Volkswagen, Mercedes maker Daimler and BMW.
France, with few car exports to the U.S., has resisted, insisting that climate change provisions should feature in any deal - a difficult demand given Trump’s withdrawal from the Paris climate agreement.
Reporting by Philip Blenkinsop; editing by Robin Emmott and Mike Harrison
Our Standards:The Thomson Reuters Trust Principles.
https://ca.finance.yahoo.com/news/exclusive-eu-draws-list-20-billion-euros-u-150936765--finance.html
Exclusive: EU tariffs to target 20 billion euros of U.S. imports - diplomats
By Philip Blenkinsop
ReutersApril 13, 2019
U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir
By Philip Blenkinsop
BRUSSELS (Reuters) - The European Commission has drawn up a list of U.S. imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said on Friday.
President Donald Trump on Tuesday threatened to impose tariffs on $11 billion worth of European Union products over what Washington sees as unfair subsidies given to European planemaker Airbus.
The EU measures would relate to the bloc's World Trade Organization complaint over subsidies to rival Boeing.
WTO arbitrators have yet to set final amounts of potential countermeasures in each case.
The Commission said earlier this week that it had begun preparatory work on countermeasures in the Boeing case. However, it signaled it was open for talks with the U.S., provided these were without preconditions and aimed to achieve a fair outcome.
EU diplomats said the Commission was expected to publish a list of products on April 17 and begin a process of public consultation, after which the list could then be adjusted.
The final amount decided by the WTO arbitrator could also be lower. The EU had also initially requested that the WTO authorize countermeasures of $12 billion.
The arbitrator's decision may not come before March 2020. In the U.S. case a WTO decision could come in June or July this year.
"You could say the Commission is preparing early, provoked by the U.S.," one EU diplomat said.
PLANE DISPUTE, CAR TARIFF THREAT
The dispute between the U.S. and Europe over mutual claims of illegal aid to plane giants to help them gain advantage in the world jet business has dragged on for year.
The case, which has been grinding its way through the WTO for almost 15 years, is approaching the final stages of arbitration after partial victories for both sides.
Trump's public attack on the EU came as his administration tries to hammer out a trade deal with China after imposing punitive tariffs on $250 billion of Chinese goods.
The EU is expected next week to give final clearance to the start of formal trade talks with the U.S. that could lead to the removal of duties on industrial goods and ease transatlantic tensions.
However, those talks face a series of hurdles, not least the U.S. insistence that market access for its farm products feature in the negotiations, something the EU has ruled out.
The talks follow a detente reached last July when Trump agreed not to impose duties on imports of EU cars while the two sides sought to improve economic ties.
Germany, whose exports of cars and parts to the U.S. account for more than half the EU total, wants to press ahead with talks to ward off tariffs its carmakers, including Volkswagen, Mercedes maker Daimler and BMW.
France, with few car exports to the U.S., has resisted, insisting that climate change provisions should feature in any deal - a difficult demand given Trump's withdrawal from the Paris climate agreement.
(Reporting by Philip Blenkinsop; editing by Robin Emmott and Mike Harrison)
https://www.channelnewsasia.com/news/world/eu-ready-to-respond-to-us-in-airbus-boeing-row-11440372
World EU 'ready to respond' to US in Airbus-Boeing row
Airbus and Boeing are both looking to target the lucrative maintenance market in the coming years. (AFP/ERIC PIERMONT)
13 Apr 2019 10:10AM
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WASHINGTON: French finance minister Bruno Le Maire warned on Friday (Apr 12) that Europe was ready to hit back at any US tariffs against Airbus as he pleaded for an "amicable solution" to the long-running dispute.
"If we were to be hit again by unjustified and unjustifiable US sanctions, Europe would be ready to respond in a united and strong way," the minister said after his meeting with his US counterpart Steven Mnuchin.
"All this would be bad for growth and bad for American and European prosperity," he said at a press conference on the sidelines of the spring meetings of the International Monetary Fund and World Bank.
"We must avoid this," he said. "On the basis of the WTO's conclusions, it seems to me that the voice of wisdom is to reach an amicable agreement between the United States and Europe on a final settlement of the Airbus-Boeing case," he said, adding that the case has been going on for far too long.
Le Maire already pleaded on Tuesday for an amicable solution with the United States and was scheduled to meet with US Trade Representative (USTR) Robert Lighthizer.
US President Donald Trump on Monday threatened the European Union with new tariffs if it did not end subsidies to Airbus, at the risk of reviving a fragile trade truce.
This was another step in a 14-year conflict between Boeing and Airbus where the US and EU accuse each other at the World Trade Organization (WTO) of providing illegal state aid to their respective aeronautical champions.
The EU had immediately warned that "in the parallel dispute over Boeing", it also intended to "take prompt action" in retaliation.
According to several European sources on Friday, it will make public on Wednesday a list of American products likely to be taxed up to 20 billion euros.
But it will be left to a WTO-appointed arbitrator to determine the amount of retaliation duties, which will be less than the 20 billion.
In 2012, "the EU had requested the WTO to authorize $12 billion in countermeasures," a commission source told AFP.
"The EU will now await the decision of the WTO appointed arbitrator regarding the final amount," the source added.
Source: AFP/mn
https://www.channelnewsasia.com/new...ports-to-hit-over-boeing---diplomats-11439656
Exclusive: EU draws up list of 20 billion euros of US imports to hit over Boeing - diplomats
The European Commission has drawn up a list of U.S. imports worth around 20 billion euros (US$22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said.
U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir
12 Apr 2019 11:16PM (Updated: 12 Apr 2019 11:16PM)
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BRUSSELS: The European Commission has drawn up a list of U.S. imports worth around 20 billion euros (US$22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said.
U.S. President Donald Trump on Tuesday threatened to impose U.S. tariffs on US$11 billion worth of European Union products over what Washington sees as unfair subsidies given to European planemaker Airbus.
The EU measures would relate to the European Union's World Trade Organization complaint over subsidies to Boeing.
A WTO adjudicator still has to set a final amount of potential countermeasures.
(Reporting by Philip Blenkinsop; editing by Robin Emmott)
Source: Reuters
Tagged Topics
Share this content
April 12, 2019 / 11:10 PM / Updated 10 hours ago
Exclusive: EU tariffs to target 20 billion euros of U.S. imports - diplomats
Philip Blenkinsop
3 Min Read
BRUSSELS (Reuters) - The European Commission has drawn up a list of U.S. imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said on Friday.
U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir
President Donald Trump on Tuesday threatened to impose tariffs on $11 billion worth of European Union products over what Washington sees as unfair subsidies given to European planemaker Airbus.
The EU measures would relate to the bloc’s World Trade Organization complaint over subsidies to rival Boeing.
WTO arbitrators have yet to set final amounts of potential countermeasures in each case.
The Commission said earlier this week that it had begun preparatory work on countermeasures in the Boeing case. However, it signaled it was open for talks with the U.S., provided these were without preconditions and aimed to achieve a fair outcome.
EU diplomats said the Commission was expected to publish a list of products on April 17 and begin a process of public consultation, after which the list could then be adjusted.
The final amount decided by the WTO arbitrator could also be lower. The EU had also initially requested that the WTO authorize countermeasures of $12 billion.
The arbitrator’s decision may not come before March 2020. In the U.S. case a WTO decision could come in June or July this year.
“You could say the Commission is preparing early, provoked by the U.S.,” one EU diplomat said.
PLANE DISPUTE, CAR TARIFF THREAT
The dispute between the U.S. and Europe over mutual claims of illegal aid to plane giants to help them gain advantage in the world jet business has dragged on for year.
The case, which has been grinding its way through the WTO for almost 15 years, is approaching the final stages of arbitration after partial victories for both sides.
Trump’s public attack on the EU came as his administration tries to hammer out a trade deal with China after imposing punitive tariffs on $250 billion of Chinese goods.
The EU is expected next week to give final clearance to the start of formal trade talks with the U.S. that could lead to the removal of duties on industrial goods and ease transatlantic tensions.
However, those talks face a series of hurdles, not least the U.S. insistence that market access for its farm products feature in the negotiations, something the EU has ruled out.
The talks follow a detente reached last July when Trump agreed not to impose duties on imports of EU cars while the two sides sought to improve economic ties.
Germany, whose exports of cars and parts to the U.S. account for more than half the EU total, wants to press ahead with talks to ward off tariffs its carmakers, including Volkswagen, Mercedes maker Daimler and BMW.
France, with few car exports to the U.S., has resisted, insisting that climate change provisions should feature in any deal - a difficult demand given Trump’s withdrawal from the Paris climate agreement.
Reporting by Philip Blenkinsop; editing by Robin Emmott and Mike Harrison
Our Standards:The Thomson Reuters Trust Principles.
https://ca.finance.yahoo.com/news/exclusive-eu-draws-list-20-billion-euros-u-150936765--finance.html
Exclusive: EU tariffs to target 20 billion euros of U.S. imports - diplomats
By Philip Blenkinsop
ReutersApril 13, 2019
U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir
By Philip Blenkinsop
BRUSSELS (Reuters) - The European Commission has drawn up a list of U.S. imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said on Friday.
President Donald Trump on Tuesday threatened to impose tariffs on $11 billion worth of European Union products over what Washington sees as unfair subsidies given to European planemaker Airbus.
The EU measures would relate to the bloc's World Trade Organization complaint over subsidies to rival Boeing.
WTO arbitrators have yet to set final amounts of potential countermeasures in each case.
The Commission said earlier this week that it had begun preparatory work on countermeasures in the Boeing case. However, it signaled it was open for talks with the U.S., provided these were without preconditions and aimed to achieve a fair outcome.
EU diplomats said the Commission was expected to publish a list of products on April 17 and begin a process of public consultation, after which the list could then be adjusted.
The final amount decided by the WTO arbitrator could also be lower. The EU had also initially requested that the WTO authorize countermeasures of $12 billion.
The arbitrator's decision may not come before March 2020. In the U.S. case a WTO decision could come in June or July this year.
"You could say the Commission is preparing early, provoked by the U.S.," one EU diplomat said.
PLANE DISPUTE, CAR TARIFF THREAT
The dispute between the U.S. and Europe over mutual claims of illegal aid to plane giants to help them gain advantage in the world jet business has dragged on for year.
The case, which has been grinding its way through the WTO for almost 15 years, is approaching the final stages of arbitration after partial victories for both sides.
Trump's public attack on the EU came as his administration tries to hammer out a trade deal with China after imposing punitive tariffs on $250 billion of Chinese goods.
The EU is expected next week to give final clearance to the start of formal trade talks with the U.S. that could lead to the removal of duties on industrial goods and ease transatlantic tensions.
However, those talks face a series of hurdles, not least the U.S. insistence that market access for its farm products feature in the negotiations, something the EU has ruled out.
The talks follow a detente reached last July when Trump agreed not to impose duties on imports of EU cars while the two sides sought to improve economic ties.
Germany, whose exports of cars and parts to the U.S. account for more than half the EU total, wants to press ahead with talks to ward off tariffs its carmakers, including Volkswagen, Mercedes maker Daimler and BMW.
France, with few car exports to the U.S., has resisted, insisting that climate change provisions should feature in any deal - a difficult demand given Trump's withdrawal from the Paris climate agreement.
(Reporting by Philip Blenkinsop; editing by Robin Emmott and Mike Harrison)
https://www.channelnewsasia.com/news/world/eu-ready-to-respond-to-us-in-airbus-boeing-row-11440372
World EU 'ready to respond' to US in Airbus-Boeing row
Airbus and Boeing are both looking to target the lucrative maintenance market in the coming years. (AFP/ERIC PIERMONT)
13 Apr 2019 10:10AM
Share this content
Bookmark
WASHINGTON: French finance minister Bruno Le Maire warned on Friday (Apr 12) that Europe was ready to hit back at any US tariffs against Airbus as he pleaded for an "amicable solution" to the long-running dispute.
"If we were to be hit again by unjustified and unjustifiable US sanctions, Europe would be ready to respond in a united and strong way," the minister said after his meeting with his US counterpart Steven Mnuchin.
"All this would be bad for growth and bad for American and European prosperity," he said at a press conference on the sidelines of the spring meetings of the International Monetary Fund and World Bank.
"We must avoid this," he said. "On the basis of the WTO's conclusions, it seems to me that the voice of wisdom is to reach an amicable agreement between the United States and Europe on a final settlement of the Airbus-Boeing case," he said, adding that the case has been going on for far too long.
Le Maire already pleaded on Tuesday for an amicable solution with the United States and was scheduled to meet with US Trade Representative (USTR) Robert Lighthizer.
US President Donald Trump on Monday threatened the European Union with new tariffs if it did not end subsidies to Airbus, at the risk of reviving a fragile trade truce.
This was another step in a 14-year conflict between Boeing and Airbus where the US and EU accuse each other at the World Trade Organization (WTO) of providing illegal state aid to their respective aeronautical champions.
The EU had immediately warned that "in the parallel dispute over Boeing", it also intended to "take prompt action" in retaliation.
According to several European sources on Friday, it will make public on Wednesday a list of American products likely to be taxed up to 20 billion euros.
But it will be left to a WTO-appointed arbitrator to determine the amount of retaliation duties, which will be less than the 20 billion.
In 2012, "the EU had requested the WTO to authorize $12 billion in countermeasures," a commission source told AFP.
"The EU will now await the decision of the WTO appointed arbitrator regarding the final amount," the source added.
Source: AFP/mn
https://www.channelnewsasia.com/new...ports-to-hit-over-boeing---diplomats-11439656
Exclusive: EU draws up list of 20 billion euros of US imports to hit over Boeing - diplomats
The European Commission has drawn up a list of U.S. imports worth around 20 billion euros (US$22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said.
U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir
12 Apr 2019 11:16PM (Updated: 12 Apr 2019 11:16PM)
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BRUSSELS: The European Commission has drawn up a list of U.S. imports worth around 20 billion euros (US$22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said.
U.S. President Donald Trump on Tuesday threatened to impose U.S. tariffs on US$11 billion worth of European Union products over what Washington sees as unfair subsidies given to European planemaker Airbus.
The EU measures would relate to the European Union's World Trade Organization complaint over subsidies to Boeing.
A WTO adjudicator still has to set a final amount of potential countermeasures.
(Reporting by Philip Blenkinsop; editing by Robin Emmott)
Source: Reuters
Tagged Topics
Share this content
