US President Joe Biden as well as his French counterpart Emmanuel Macron hailed the resolution of the 17-year dispute between Washington and Brussels over aircraft subsidies.
The US imposed what could have amounted to $7.5 billion (6.1 billion Euros) in tariffs on European exports in 2019 after the World Trade Organization ruled that the EU had not complied with its rulings on subsidies for Airbus, which is based in France.
The EU retaliated last November with up to $4 billion (3.2 billion Euros) in punitive duties after the WTO ruled that the US had provided illegal subsidies to Seattle-based Boeing.In March, weeks after Biden had taken office, the two sides agreed to suspend the tariffs. That suspension started on March 11 for four months.
The new agreement will officially go into effect on July 11.Macron dealFrench President Emmanuel Macron hailed the truce as proof of a "new relationship" between the two powers."With the agreement reached on the Airbus-Boeing dispute, American tariffs on French products, including wine, have been lifted. These are the first results of our new relationship with our American partners," he tweeted in English, welcoming it as "good news" for French wine producers. headtopics.com
With the agreement reached on the Airbus-Boeing dispute, American tariffs on French products, including wine, have been lifted. These are the first results of our new relationship with our American partners. This is effective cooperation. This is good news for our wine producers!
— Emmanuel Macron (@EmmanuelMacron)June 15, 2021Biden welcomes agreementUS President Joe Biden also welcomed the "major breakthrough" in the Boeing-Airbus trade dispute and an agreement with the European Union to counter China's "non-market practices."
The US president arrived in Geneva on Tuesday after the deal with the European Union was announced following talks in Brussels."Both the US and EU agreed to suspend our tariffs for five years, and we committed to ensuring a level playing field for our companies and our workers," Biden said in a statement.
"Significantly, we also agreed to work together to challenge and counter China’s non-market practices in this sector that give China's companies an unfair advantage."Biden said the United States and European Union would work together in specific ways, including on inward and outbound investment and technology transfer. headtopics.com
"It’s a model we can build on for other challenges posed by China’s economic model," he said.He said "values like fair competition and transparency" that were shared by the United States and EU made democracies everywhere stronger.Read more: TRT World »
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U.S. and EU resolve 17-year Boeing-Airbus dispute, EU's von der Leyen saysThe United States and the European Union have resolved a 17-year-long dispute over aircraft subsidies, the European Commission president said Tuesday. Why is that politicians, instead of actually negotiating hard, they simply defer actions? They only agreed to defer the tariffs for five years, not to actually end the subsidies or try to negotiate a framework to allow them. It’s always the same outcome, defer and no real action
U.S., EU Agree To End 17-Year Boeing-Airbus Trade DisputeThe agreement was announced Tuesday with Biden in Brussels for a U.S.-E.U. summit. are they still having trouble with the boeing max ? TokenHodl Travel with me to Miami, Istanbul, Italy, Paris and the U.K in my latest fashion video LINKED BELOW ↓ PLEASE SUBSCRIBE TO MY CHANNEL AND TURN ON POST NOTIFICATIONS FOR MORE FASHION AND LIFESTYLE VIDEOS. fashion style trending viral ad
EU, US reach deal to end Airbus-Boeing trade disputeBRUSSELS (AP) — The United States and the European Union reached a deal Tuesday to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus and phase out billions of dollars in punitive tariffs, the U.S. At a moment when there is not much to fight for, as worldwide air passenger transport is in tatters and not sure to recover soon, US and EU finally reached an agreement in commercial aircraft production. But no agreement on using planes to transport people from the EU to the US? The pp10143 travel ban against low risk countries like the UK and EU is still in place, has been for 16 months now, despite the vaccination rates and plummeting COVID cases.
U.S. and EU Near Deal on Boeing-Airbus Trade FightThe move to end the longest and most costly spat in the history of the WTO would significantly reduce trade tensions between the two giant and deeply interlinked economies. 'The Vax was Not brought in for Covid, Covid was brought in for the vax. Once you realize that, everything else makes sense' - Dr Reiner Fuellmich.
U.S. and EU Agree to Suspend Airbus-Boeing Trade FightThe move to end the longest and most costly spat in the history of the WTO will significantly reduce trade tensions between the two economies. God give us all today, 01 majestic day in the name of Jesus amen! Deus dê a todos nós hoje, 01 dia majestoso em nome de Jesus amém! Congratulations!But, the largest market id China! This is good sign of allowing global fair competition among entreprises by with drawing state sponsored special interests tariffs as national interests against global free competition among entities resulting propping up some industry against global consumer and public interests?
After 17 years, truce nears in U.S.-Europe jet subsidy warThe United States and Europe are expected to announce a five-year suspension of tariffs in their 17-year-old dispute over aircraft subsidies on Tuesday, allowing them to focus on the threat posed by China's nascent commercial aircraft industry, people familiar with the matter said.