Le Figaro: Washington threatens to punish the European Union with tariffs on $4 billion – 2024-06-05 13:55:35

/ world in the present day information/ The US Division of Commerce has warned the European Union that it’s going to elevate tariffs on European items if Brussels doesn’t cease subsidizing its personal aviation business. Based on Le Figaro, the tariffs will primarily have an effect on agricultural merchandise and can complement the checklist offered final 12 months.

On the night time of Monday to Tuesday, the US Division of Commerce (USTR) printed a listing of “merchandise that could be topic to extra duties”, writes Le Figaro. These duties are designed to extend strain on the EU in response to state help for the European aviation business. The app comprises 89 subcategories with a commerce worth of about $4 billion along with the unique checklist printed final April. The primary checklist reported imports at $21 billion.

The publication states that the vary of merchandise offered on the 4 pages of the appliance is broad and covers numerous merchandise starting from “frozen pork” to varied varieties of Dutch cheeses, together with edam and gouda. The checklist additionally consists of “contemporary Italian cow’s milk cheeses” and “blue cheese” (eg Roquefort), olives, cherries, espresso, pork, macaroni, pears and whiskey. Tariffs primarily apply to European agricultural produce, but additionally prolong to uncooked supplies and chemical elements, similar to copper, metallic, ammonia or sodium nitrate.

Because the French newspaper recollects, the dispute between Washington and Brussels, which has lasted for about 15 years, should be resolved by the World Commerce Group. The Individuals accuse the European Union of paying state subsidies to the plane producer Airbus in violation of competitors with Boeing. In flip, the EU criticized “unlawful” support that the US gives to its nationwide firm. Lately, the battle on either side of the Atlantic Ocean has been gaining momentum: in April, Donald Trump already warned that the US would impose greater tariffs on many European items price $11 billion. The European Fee, for its half, printed a listing of American items that will fall below extra tariffs in case the US follows by on its risk. The checklist consists of video video games, ketchup, tobacco and helicopters, and its complete worth is $20 billion.

Le Figaro notes that commerce relations between the European Union and the US have already been strained for a number of months, as the 2 blocs can’t attain a good deal. Thus, in mid-June, Donald Trump took up French wines for the second time in seven months. He complained that the duties on American wine in France have been greater than on French in America.

On the identical time, there was a lull within the commerce battle between Washington and Beijing: in the course of the G20 summit in Osaka, the presidents of the 2 nations concluded a truce. On Monday, answering questions from reporters, Donald Trump famous that the assembly with Xi Jinping went a lot better than he anticipated. Based on the president’s assertion, negotiations for a commerce settlement between the 2 superpowers have already begun, and he believes in the potential of reaching an settlement, however expects the ultimate outcome to be in favor of the US. Based on Trump, China had “vital benefit” in commerce with the US in the course of the “a few years”and now Washington cannot “make a 50 to 50 deal”.

Translation: M.Zhelyazkova