U.S. maintains 15% tariff on Airbus, EU hopes to resolve trade conflict

On August 13, according to the Central News Agency, the US government said on the 12th local time that it would still impose 15% tariff on Airbus’s large civil aircraft, the largest aircraft manufacturer in Europe, and 25% tariff on other European goods. The EU then called on the two sides to make greater efforts to resolve trade conflicts. It is reported that the EU has failed to take necessary actions to comply with the decisions of the world trade organization, U.S. trade representative lait Heyzer said on the 12th. Washington will embark on a new process to reach a long-term solution. < / P > < p > the office of the US trade representative pointed out that the tariff list of US $7.5 billion worth of European goods will be adjusted to remove some goods from Greece and the United Kingdom and replace them with equivalent goods from Germany and France. At the same time, the office of the US trade representative ignored the appeals of EU officials and US Congressmen and did not reduce EU tariffs on food, red wine and spirits, but did not impose tariffs on vodka, gin and beer, as previously threatened. < / P > < p > EU officials said that the United States does not raise its tariff rate, which will help prevent trade conflicts from further rising. He called for the two economies to work harder to resolve trade conflicts. The official said that EU Trade Executive Commissioner Hogan will still actively negotiate with letheyzer to discuss a solution. < / P > < p > the dispute over aviation subsidies between the United States and Europe has a long history. In 2004, the United States filed a lawsuit against the WTO, accusing the EU of providing illegal subsidies to Airbus in various forms. The EU subsequently sued the WTO for illegal subsidies provided by the US government to Boeing. The WTO has ruled that the United States and the European Union have the problem of providing illegal subsidies to their respective aviation enterprises. < / P > < p > according to the ruling result and formal authorization of the WTO on the Airbus subsidy case, the United States officially imposed tariffs on EU products with us $7.5 billion on October 18, 2019. Among them, 10% tariff will be imposed on EU large civil aircraft. On February 14, 2020, the office of the United States Trade Representative (USTR) announced that the US side’s tariff on imports of EU large civil aircraft will be increased from 10% to 15%.