EU to impose import duties against US in Boeing case from November 10
The European Commission did not name the possible volume of American exports, which may be subject to duties, but the WTO in its decision allowed the introduction of duties for $ 4 billion
BRUSSELS, November 9. / TASS /. The European Union will introduce import duties against the United States in the Boeing case from November 10. This was stated by the first deputy head of the European Commission Valdis Dombrovskis following a meeting of the EU Trade Council. He did not name the possible volume of US exports that could be taxed, but the WTO, in its decision on the Boeing case, allowed the EU to impose duties on the US for $ 4 billion.
“Our strategic goal is to develop a positive joint trade agenda towards the US. Unfortunately, due to the lack of positive signals, from the EU later today we will exercise our WTO-affirmed right in the Boeing case. We will introduce trade measures against the US, we intend to publish them in the Official Journal today, and they will come into force on November 10, "he said.
"We continue to urge the United States to abolish the American duties on the Airbus case, which have been in effect for a year. In this case, we will cancel the decision on our tariffs," Dombrovskis said.
He declined to comment in detail on the structure of the new trade tariffs, stressing that they will be a mirror response to US duties in the Airbus case and will be aimed "not only at the products of the American aircraft industry, but also at certain types of agricultural and manufacturing products."
Dombrovskis also stressed that the EU does not want to escalate the trade war with the United States "and only uses its right, obtained in the framework of the WTO proceedings." "We remain at any time ready for the simultaneous [with Washington] lifting of tariffs, whatever the US administration makes this decision," he said.
Dispute over aircraft manufacturers
The trade conflict between Washington and Brussels over Boeing and Airbus has been going on since 2004. Both sides accuse each other of violating WTO rules and providing unauthorized government subsidies to their aircraft builders.
In 2019, the WTO dispute resolution body ruled that there were violations of the organization's rules in the Airbus case, which gave the legal right to impose countervailing duties from the United States. However, in 2020, a similar decision was made in favor of the EU in the Boeing case. The administration of the incumbent US President Donald Trump already in 2019 introduced customs tariffs against the EU in the Airbus case for a total of about $ 7.5 billion.