China to EU, the US tariff 上海419论坛 continuesWith the Offic

2019年7月18日

上海419论坛

Comments Off on China to EU, the US tariff 上海419论坛 continuesWith the Offic


 of the United States Trade Representative threatening to impose new tariffs on $

4 billion worth of European Union goods, the trade conflict between the US and the EU has inten上海419论坛

sified. And if the US makes good the threat it issued on July 1, the additional tariffs would cover $25 billion of EU goo

上海419论坛品茶微信ds-in April the US had decided to impose additional tariffs on $21 billion of EU products. In addition, the US ad

ministration launched a Section 301 investigation against the digital service tax of France on July 10.

Washington’s move seems to have roots in the 15-year-old dispute ove上海419论坛

r the subsidies given to Boeing by the US and to Airbus by the EU. The US is using tari

ffs to exert pressure on the EU to reduce subsidies to Airbus so Boeing can maintain its competitiveness in the global

上海419论坛品茶微信market and the jobs in the US plane manufacturing industry could be protected.

The US is wielding tariff as weapon also to increase its bargaining chips in the negotiations over “thre

e zeros”-zero tariff, zero tariff barriers and zero subsidy-for non-auto industrial products.上海419论坛

Since the US and the EU have wide differences over auto and agricu

上海419论坛品茶微信ltural products, the negotiations remain mired in uncertainty, although Washington comp

elled Brussels to continue the talks by threatening to impose fresh tariffs on EU goods in April.

As US President Donald Trump prepares to launch his re-election campai

gn, he is trying to mitigate US farmers’ sufferings, as the votes from the agricultural belts helpe上海419论坛品茶微信

d him win the 2016 presidential election. The US administration has provided numerous subsidies for farmers to

help offset their losses due to the US’ trade disputes with China, the EU and other eco上海419论坛

nomies, but subsidies alone cannot solve the farmers’ problems. So Washington has put some EU agr

上海419论坛品茶微信icultural products on the tariff list in an effort to protect its agricultural products market.

However, the fact that the EU has agreed to resume negotiations on subsidies to the plane manuf

acturing industry does not mean it will not take countermeasures if the US does impose m

ore tariffs on EU goods. In April, when the US levied additional tariffs on $21 billion of EU goo

ds, Brussels responded by imposing tariffs on€20 billion ($22.43 billion) of US products.

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