U.S. countermeasures in the Airbus dispute
by Hans Diederichs
Following the move by the U.S. today to apply countermeasures against imports from the EU in consequence of the World Trade Organization (WTO) Airbus dispute, Commissioner for Trade Cecilia Malmström made the following statement: “We regret the choice of the U.S. to move ahead with tariffs. This step leaves us no alternative but to follow through in due course with our own tariffs in the Boeing case, where the U.S. has been found in breach of WTO rules. Imposing tariffs on each other serves nobody's long term interest. It will inflict very significant damage to the highly integrated supply chain of the aircraft sectors in the U.S. and the EU and will result in collateral damage to many other sectors already suffering under the current trade tensions.
The EU and U.S. have both been found in breach of WTO rules. As the world's largest aircraft manufacturers, the EU and the U.S. have a joint responsibility to sit down and negotiate a settlement that is balanced and compliant with the WTO. The EU has, this July, shared concrete proposals with the U.S. on clearly identified existing aircraft subsidies and on future support to our respective aircraft sectors. This offer remains on the table.
The Commission will monitor the impact of the announced U.S. countermeasures on the European products concerned, notably in the agricultural sector. The European Commission is committed to defending European companies, farmers and consumers.”
Source and photo: EU Commission