What's the matter with the EU imposing tariffs on the US? The European Commission announced a list of US goods worth about US $20 billion on the 17th local time, threatening to impose tariffs on the goods on the list. According to the information released by the European Commission, this is a counter measure taken by the European side after the United States threatened to impose tariffs on EU goods worth about US $11 billion earlier this month on the ground of the anti subsidy dispute in the aviation industry.
What's the matter with the EU's imposition of tariffs on the United States
Malmstrom, member of the European Commission's trade affairs committee, said in a statement on the same day that the EU has no intention of unilaterally escalating trade friction with the United States, but the EU must defend a fair competition environment for the local aircraft manufacturing industry, hoping to solve the aviation subsidy problem through negotiation with the United States in the future.
Malmstren also said that if there is no other way to solve the above problems, the EU will take corresponding measures. Europe and the United States are each other's important trading partners, and the EU is willing to have a full dialogue with the United States without preconditions and equal negotiations.
The list released by the European Commission includes aviation, agriculture, chemical industry and other products, including aircraft, oranges, ketchup, wax and other products. The announcement said that on April 11, 2019, the world trade organization passed the compliance report, confirming that the US government's subsidies to Boeing aircraft manufacturing companies will continue to cause significant economic losses to European Airbus. The list released by the European side is based on the ruling of the world trade organization. The list will also be open to the public for consultation from April 17 to May 31. After the consultation, the EU will submit the final list to the world trade organization, which will determine the scope of goods that can be taxed by the EU.
The dispute over aviation subsidies between the United States and the European Union has lasted for about 15 years, with both sides accusing their counterparts of providing illegal subsidies to their respective aviation industries. In the meantime, the World Trade Organization has ruled that the United States and Europe have provided illegal subsidies to Boeing and Airbus, resulting in market distortion. Earlier this month, the U.S. government accused the European Union of illegally subsidizing Airbus, causing "significant damage" to the United States. On April 8, the office of the U.S. Trade Representative (USTR) launched a "301 investigation" and announced that it plans to impose tariffs on EU products worth about $11 billion.
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