Trump threatens EU with $11bln sanctions

10 April 2019
60 Views

The United States is threatening the European Union with billions of euros worth of trade sanctions on a wide range of products, in retaliation for EU subsidies to Airbus.

A preliminary list of items has been drawn up by the Trump administration. It threatens to increase tensions over trade between Europe and the United States.

It comes amid a long-running dispute over aid granted to the rival plane giants Airbus and Boeing, and follows a recent international ruling against Washington.

The US Trade Representative (USTR) says in a statement that it is acting over World Trade Organisation (WTO) rulings that have found the aid granted to the European plane manufacturer has caused “adverse effects” to the United States.

Washington estimates the value of those subsidies to be $11.2 billion (€9.95 billion), a figure disputed by the EU.

The USTR cites damage from “launch aid” subsidies granted to promote new large European aircraft, which have been judged to have damaged sales of rival Boeing planes.

The WTO agreed last year to evaluate the US request to impose sanctions on EU products, and an arbitration ruling is due this summer.

The US action comes as Boeing’s 737 Max fleet is grounded, and follows a WTO ruling in late March which found the US had given unfair tax breaks to Boeing.

source: euronews.com

You may be interested

Refugees and illegal immigrants camp outside Greek parliament
GREECE
shares21 views
GREECE
shares21 views

Refugees and illegal immigrants camp outside Greek parliament

makis - Apr 19, 2019

Refugees and illegal immigrants have camped outside the Greek parliament at Syntagma Square in Athens. The illegal immigrants and refugees,…

Greek House votes to lift Parliamentary immunity of trhee MPs
POLITICS
shares21 views
POLITICS
shares21 views

Greek House votes to lift Parliamentary immunity of trhee MPs

makis - Apr 19, 2019

Greek MPs decided to lift the Parliamentary immunity of three of their colleagues, Andreas Loverdos, Marios Salmas, and Aristides Fokas…

Weekend escapes near Athens!
GREECE
shares1179 views
GREECE
shares1179 views

Weekend escapes near Athens!

Panos - Apr 19, 2019

Chalkida: the town of “mad waters” There is a reference point, a place of attraction for Athenians and people from…

Leave a Comment

Your email address will not be published.