Bruno Le Maire, Minister of the Economy, Finance and the Recovery, and Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness, attached to the Minister for Europe and Foreign Affairs, welcome the European Union’s decision to impose duties on American products due to illegal support for Boeing, applying to exports worth up to
The European Union has always wanted an amicable settlement for the two ongoing Airbus/Boeing disputes, but the current American administration has so far been unreceptive to European offers.
We have checked that Airbus is in full compliance with WTO rules and have called on the United States to withdraw their tariffs which are thus unjustified. Given the American refusal to enter into serious negotiations with the European Union and to withdraw the tariffs which have been in place for over a year on certain European exports, in particular aircraft and French wine, the European Union will impose duties of 15% on medium- and long-haul aircraft and 25% on a range of agricultural and agrifood products and industrial goods. These measures will take effect on Tuesday, 10 November.
In light of the current crisis, these trade sanctions, which only serve to further penalize our economies, must be urgently lifted. We are prepared to suspend our measures at any time provided that the United States fully suspends its measures, and we want to reach a negotiated solution as soon as possible.
We reiterate that the transatlantic trade relationship is essential to our economy and, more generally, we would like to re-establish balanced and harmonious trade relations between the European Union and the United States.
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