US announces tariff of 7 billion 50 million tariffs on European Union
WASHINGTON: Despite EU threats, the United States imposed a record tariff of $ 7.5 billion on other products, including Airbus. News Agency AFP reports that WTO has endorsed US President Donald Trump's proposal, opening a new front that could be a catastrophic threat to the global economy following trade tensions with China. Is.
French Minister for Economic Affairs Bruno Lemaire, who is in Washington to attend the annual meeting of the World Bank and the IMF, criticized the US decision, saying it was an aggressive move by the Allied country. He said that inviting a counter-response to the failure to find a solution through negotiations could slow the global economy further. The French Minister added that "in addition to slowing down the global economy, increasing tariffs and waging a trade war with the European Union during the ongoing Chinese war with China will be an irresponsible act".
The EU member state minister added, "We do not want to negotiate with a gun placed on our head because when you have a gun in your hand you have no opportunity to respond". ۔ It is to be noted that the United States decided to increase tariffs immediately after the failure of negotiations with EU officials in Washington. The biggest disadvantage in the US decision will be the UK, Germany, France and Spain -based airline buses with the highest 10% tariff.
Other products included in the US tariff include wine made in France. The United States imposes a 25 percent tariff on wine imported from France, Spain and Germany. Donald Trump said in his statement this week that the European Union is not doing justice to the United States in terms of trade, but our doors are open to settle issues through negotiations.
It is understood that the WTO on October 2 allowed a $ 7 billion annual tariff on European products, which has now been formally enforced. The European Union reacted promptly to any US action "If the United States takes any step with the WTO's permission, it will push the European Union to the point where we have a similar response," the statement from Brussels said. There will be no other way. " The case began in 2004 when the United States accused the UK, France, Germany and Spain of providing illegal subsidies to support several Airbus products. In July this year, the European Union threatened to impose an additional tariff of 35 billion euros on US products.
French Minister for Economic Affairs Bruno Lemaire, who is in Washington to attend the annual meeting of the World Bank and the IMF, criticized the US decision, saying it was an aggressive move by the Allied country. He said that inviting a counter-response to the failure to find a solution through negotiations could slow the global economy further. The French Minister added that "in addition to slowing down the global economy, increasing tariffs and waging a trade war with the European Union during the ongoing Chinese war with China will be an irresponsible act".
The EU member state minister added, "We do not want to negotiate with a gun placed on our head because when you have a gun in your hand you have no opportunity to respond". ۔ It is to be noted that the United States decided to increase tariffs immediately after the failure of negotiations with EU officials in Washington. The biggest disadvantage in the US decision will be the UK, Germany, France and Spain -based airline buses with the highest 10% tariff.
Other products included in the US tariff include wine made in France. The United States imposes a 25 percent tariff on wine imported from France, Spain and Germany. Donald Trump said in his statement this week that the European Union is not doing justice to the United States in terms of trade, but our doors are open to settle issues through negotiations.
It is understood that the WTO on October 2 allowed a $ 7 billion annual tariff on European products, which has now been formally enforced. The European Union reacted promptly to any US action "If the United States takes any step with the WTO's permission, it will push the European Union to the point where we have a similar response," the statement from Brussels said. There will be no other way. " The case began in 2004 when the United States accused the UK, France, Germany and Spain of providing illegal subsidies to support several Airbus products. In July this year, the European Union threatened to impose an additional tariff of 35 billion euros on US products.
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