USA offered their way to settle dispute between Boeing and Airbus
Dispute between Boeing and Airbus the biggest ever examined by World Trade Organization arose 16 years ago.
United States offered to settle long-running dispute about aid grants for airplanes with European Union and abolish the duty on wine, whiskey and other products if Airbus will pay billions dollars of aid to European countries.
Offer was made by US Trade Representative Robert Lighthizer few days before publishing The report of World Trade Organization that allow Brussels imposing new tariffs on American products as response to aid grants to aviation company Boeing.
However, it is unlikely that Lighthizer’s offer will obtain support from European Union that, it seems, is going to ask WTO during the meeting that will take place on October 26th to approve increased tariffs of European Union on US products with total amount four billion USD.
American offer was called by European source “offensive”. This source considers it may toughen tariff war between two sides. In turn American source informed that Robert Lighthizer has “was serious” about making Airbus return the aid received.
USA president Donald Trump declared to journalists that Washington “will make much powerful retaliation strike” if EU continues introduction of tariffs, adding: “They don’t want to do this”. According to analysts each side is trying with the help of these offers to strengthen their positions before possible new negotiations.
Dispute between Boeing and Airbus the biggest ever examined by World Trade Organization arose 16 years ago and imposes pressure on trade relations between Europe and USA covering many sectors – beginning with luxury commodities to agriculture.