AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)
Markets

Paris urges EU to impose WTO state aid sanctions over Boeing

  • The World Trade Organization ruled Tuesday that Brussels could impose tariffs worth $4.0 billion on US imports in retaliation for illegal American aid to Boeing.
Published October 16, 2020

PARIS: French Finance Minister Bruno Le Maire on Friday urged the European Union to slap sanctions on the United States in their dispute over state aid for Boeing and Airbus.

"The WTO has given us the possibility to respond and (US President) Donald Trump said outright yesterday he would continue to respond. So Europe has the possibility to impose sanctions regarding this spat between Boeing and Airbus and it must prepare, it must decide," Le Maire told BFMTV.

Brussels has indicated it is seeking an amicable solution but Le Maire dubbed the tariffs issue "a major political choice... to know if we remain powerless in the face of US sanctions or if we are capable of showing our strength when the law authorises us to do so.

"Europe must prepare to impose sanctions on the United States as it has the right and because she has the strength," Le Maire insisted, noting Trump has indicated Washington would strike back if the EU applied tariffs to US goods, continuing the tit-for-tat exchanges.

The World Trade Organization ruled Tuesday that Brussels could impose tariffs worth $4.0 billion on US imports in retaliation for illegal American aid to Boeing.

A year earlier, it authorised a record $7.5 billion in US sanctions on EU goods for the latter's support of Airbus.

The decision was the latest development in a 16-year saga between Washington and Brussels over support for their leading aircraft manufacturers.

EU executive vice president Valdis Dombrovskis says he wants a negotiated settlement with the US, avoiding "harmful rounds of measures and countermeasures."

French minister delegate for foreign trade, Franck Riester, also called Tuesday for a negotiated and amicable deal.

Comments

Comments are closed.