Europe's top trade official told CNBC her 'impression' was that the United States would introduce fresh tariffs on EU products as soon as this month.
Europe's top trade official told CNBC her "impression" was that the United States would introduce fresh tariffs on EU products as soon as this month, once a ruling from World Trade Organization arbitrators on the total value of allowable American countermeasures is released, as early as Wednesday.
The decision expected from the global trade body this week is in response to long-standing U.S. complaints that certain European nations provided state aid to aircraft manufacturer Airbus. "We have repeated for a very long time to our U.S. counterparts, that even if we have both made errors, and that, strictly speaking we can impose tariffs on each other, this is not a good way," she said.
Such an approach would allow Europe to respond to possible U.S. tariffs well before the Boeing ruling that is expected in the spring, while continuing to act within the parameters provided by the WTO.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EU trade official says Europe 'must stand up for itself' in aircraft subsidy fight with USThe European Union's next chief of trade policy said the United States is not yet 'in a position' to engage on proposals to end aircraft subsidies.
Leer más »
US-EU tariffs could trigger a snowball effect with further retaliation, UN labor agency chief saysThe world may soon enter 'very precarious waters' if we don't acknowledge the benefits that stem from international cooperation, Guy Ryder told CNBC.
Leer más »
Final proposal: UK PM Johnson to unveil Brexit offer to EUPrime Minister Boris Johnson will on Wednesday unveil his final Brexit offer to ...
Leer más »
Final proposal - PM Johnson to unveil Brexit offer to EUPrime Minister Boris Johnson will on Wednesday unveil his final Brexit offer to ...
Leer más »
Global third-quarter M&A sinks to three-year low amid U.S.-China trade war fearsGlobal mergers and acquisitions (M&A) plunged 16% year-on-year to $729 billion i...
Leer más »
UK can leave the EU on October 31 without a deal, Javid saysThe United Kingdom can leave the European Union on Oct. 31 without a deal despit...
Leer más »