EDA part of coalition urging EU and US to end aircraft trade disputes
“We do not believe that using our sectors as leverage in disputes that are not connected to us is helping with the broader, unrelated issues,” said the coalition.
“While we appreciate that trade tensions between US and EU are complex, with serious issues on both sides, punitive tariffs cause irreparable harm to companies of all sizes and weaken their entire supply chains, at a time when growth and job creation are most needed. They fuel a negative cycle, with a strong risk of further escalation, and generate no tangible benefits to the EU or the US”.
Affected sectors not party to the aircraft disputes said they have decided to speak with one voice in urging the European Commission and US Administration to put an end to the negative cycle and work on a negotiated solution without impacting the broader economy any further.
“We hope Airbus’ announcement from July 2020 and the legislation passed in Washington State in March 2020 regarding civil aviation subsidies will be seen by both sides as significant steps toward the elimination of tariffs and will encourage both the US and the EU to go back to the negotiating table,” concluded the coalition.
On August 12, the US published an updated list of EU products that will face additional tariffs from September 1, 2020, in retaliation for aircraft subsidies. USTR decided to maintain a 25% tariff on non-aircraft products.
There have been a few changes compared with the current situation, in that certain types of cheese from Greece and biscuits from the UK are no longer targeted.
