European And American Aircraft Subsidies War, Red Wine, Cheese, Whisky Suffered

European And American Aircraft Subsidies War, Red Wine, Cheese, Whisky Suffered

The 15-year mutual subsidy war between Boeing and Airbus is evolving into a dispute between the Trump administration and Europe for reciprocal tariff retaliation.

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After the World Trade Organization (WTO) made a final ruling allowing the United States to impose tariffs on nearly 7.5 billion EU products, including goods and services, the US Trade Representative Office (USTR) quickly issued a statement to announce victory and announced a detailed sign. A list of taxes, in which the United States will impose a 10% tariff on large-scale civil aircraft in the EU and a 25% tariff on EU agricultural products and industrial products. The First Financial Reporter combed all the final decisions made by the WTO from 1999 to the present and found that this was the largest final decision in the history of the WTO.

However, comparing this list with the scope of the proposed USR’s proposed taxation, it can be seen that Boeing’s most wanted tax on Airbus aircraft parts does not appear on the final list.

The reason is that Airbus opened a factory in Alabama in 2015, and the Trump administration believes that if the tax on Airbus aircraft parts, it may cause the state’s support for the Trump administration. damage.

As Richard Aboulafia, an aviation analyst at Teal Group in the United States, pointed out, “This is a victory for Boeing, but this victory may have unintended consequences, and It does not meet the interests of Boeing.”

The chairman of the European Commission pointed out that if the United States imposes tariffs on EU goods, the EU will respond in the same way. “Europe will always defend free and fair trade under the principle of mutual benefit, if anyone wants to impose tariffs on our goods. , we will respond in the same way,” he said.

The French National Federation of Agricultural Operators’ Unions (FNSEA) stated in a statement: “The addition of a 25% tariff on non-bubble wines, cheeses and French pork will affect markets with a value of more than 1 billion euros.”

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