Sunday, June 26, 2022
GoldscopeFeed
Advertisement
  • World
  • Business
  • Entertainment
  • Technology
  • Lifestyle
  • Sports
  • Finance
  • Trending
No Result
View All Result
GoldscopeFeed
  • World
  • Business
  • Entertainment
  • Technology
  • Lifestyle
  • Sports
  • Finance
  • Trending
No Result
View All Result
GoldscopeFeed
No Result
View All Result
Home US

As China poses a threat, the US and EU are poised to resolve the Airbus-Boeing dispute

by GFeed News Desk
June 15, 2021
0
As China poses a threat, the US and EU are poised to resolve the Airbus-Boeing dispute

The US and the European Union are on the verge of resolving a long-running trade dispute over Airbus and Boeing subsidies, a move that could improve transatlantic relations as both sides seek to counter China’s growing economic clout.

According to a US official, the US and the European Union will announce a resolution to the dispute over government subsidies for the world’s leading commercial plane makers during a summit in Brussels on Tuesday. A press conference with EU Trade Commissioner Valdis Dombrovskis and US Trade Representative Katherine Tai has been scheduled for 9 a.m. ET.

After years of failed negotiations at the World Trade Organization, there have been signs in recent months that the subsidy dispute may be coming to an end. In March, the United States, the European Union, and the United Kingdom agreed to a four-month suspension of related tariffs worth billions of dollars.

The suspension was a first step toward mending a 17-year-old trade relationship that had been strained by complaints about government support for Airbus (EADSF) and Boeing (BA) (BA).

Boeing was accused of receiving $19 billion in unfair subsidies from federal and state governments by EU authorities in 2004. That year, the US filed a similar complaint against European subsidies to Airbus.

When the Trump administration imposed tariffs on European goods such as Parmesan cheese, French wine, and Scotch and Irish whiskies, the feud became even more heated. In turn, the European Union imposed tariffs on US goods like wine, cheese, and suitcases.

The US and the EU are still working out how to tax big tech companies and a dispute over Trump-era steel and aluminum tariffs, but ending the aircraft subsidy dispute should help improve relations as both sides focus more on countering China.

Over the weekend, the United States joined the United Kingdom, Germany, France, Italy, Japan, and Canada in issuing the Group of Seven’s most vehement condemnation of China in decades. The G7 statement chastised China for alleged human rights violations and political disagreements over Hong Kong, Taiwan, and the South China Sea.

The world’s wealthiest democracies also pushed for a new independent investigation into Covid-19’s origins, as well as a counter-proposal to China’s Belt and Road plan to increase its trading clout.

A senior administration official told CNN that the US and the European Union will announce a joint council later Tuesday to address trade and technology issues, in part to provide a better check on China’s economic practices.

The task force is meant to “work together to write the rules of the road for the next generation, particularly in the areas of economics and emerging technologies,” the official said.

“We also have to take account of the fact that China poses a significant challenge in both of these areas, and dealing with China’s non-market practices, its economic abuses and, of course, efforts to shape the rules of the road on technology for the 21st century will be an important part of the work of this council and this fits with President Biden’s fundamental strategy,” the official said.

On his European tour this week, Biden is eager to repair transatlantic ties, and he hopes to arrive at a high-stakes meeting with Russian President Vladimir Putin on Wednesday looking united with Western allies. The majority of this has come in the form of statements of support, but the resolution of the trade dispute is a clear signal of his desire to normalize traditional US alliances after four years of strain.

Tweet147
Previous Post

Brazil wins the Copa América opener, but Leo Messi worries about contracting Covid-19 during the tournament

Next Post

Nicaragua’s democracy is on the verge of collapse. It’s been a long time coming

GFeed News Desk

GFeed News Desk

https://goldcopefeed.com/

Related Posts

Did Google and Facebook executives make an illegal agreement to dominate the ad market?

Did Google and Facebook executives make an illegal agreement to dominate the ad market?

by GFeed News Desk
January 15, 2022
0

According to court documents filed in the United States, top Google and Facebook officials were actively involved in authorising an...

Why is the chief of Denmark’s foreign intelligence service imprisoned for a month?

Why is the chief of Denmark’s foreign intelligence service imprisoned for a month?

by GFeed News Desk
January 11, 2022
0

The chief of Denmark's foreign intelligence service has been imprisoned for a month, according to local media, for allegedly disclosing...

People desperate for Covid tests are turning to resellers online

People desperate for Covid tests are turning to resellers online

by GFeed News Desk
January 7, 2022
0

Republicans didn’t waste any time in dragging Big Tech into 2022’s culture wars

Republicans didn’t waste any time in dragging Big Tech into 2022’s culture wars

by GF Tech Desk
January 6, 2022
0

Almost a year after the Capitol uprising that resulted in former President Donald Trump's suspension from Twitter, Facebook, and YouTube,...

Omicron variant is rages out of control

Omicron variant is rages out of control

by GFeed News Desk
January 4, 2022
0

As the new Omicron form of Covid-19 rages out of control, every American is being forced to consider how much...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Mexican billionaire Carlos Slim to rebuild collapsed Mexico City overpass at no cost

Mexican billionaire Carlos Slim to rebuild collapsed Mexico City overpass at no cost

July 1, 2021
These electric self-driving tractors have the potential to make farming much more environmentally friendly

More than 40 state attorneys general have urged Facebook to stop plans for a children’s Instagram

May 11, 2021

Categories

  • Business
  • Entertainment
  • Fashion
  • Finance
  • Food
  • Health
  • Lifestyle
  • Sports
  • tech
  • Technology
  • Travel
  • Travel
  • Trending
  • Uncategorized
  • US
  • World

Don't miss it

Selena Gomez Launches ‘Your Words Matter’ Mental Health Campaign With Rare Beauty
Entertainment

On Friends, Tom Selleck, who plays Richard, talks about his experience

May 2, 2022
Selena Gomez Launches ‘Your Words Matter’ Mental Health Campaign With Rare Beauty
Entertainment

Selena Gomez Launches ‘Your Words Matter’ Mental Health Campaign With Rare Beauty

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

Angelina Jolie went to Ukraine, to meet children and volunteers

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

First look of P-Valley Season 2 has been revealed

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

With only 5 days till the screening of Doctor Strange 2, Marvel has released a teaser

May 2, 2022
Everything you need to know about Borgen Season 4
Entertainment

Everything you need to know about Borgen Season 4

May 2, 2022
  • About
  • Contact
  • Cookie Policy
  • Editorial Policy
  • Privacy Policy

© GoldscopeFeed 2020-21, All Rights Reserved.

No Result
View All Result
  • About
  • Cookie Policy
  • Privacy Policy
  • Contact

© GoldscopeFeed 2020-21, All Rights Reserved.