President Donald Trump told reporters Thursday that he would “hit much harder” if the European Union imposed price lists on American products after winning a World Trade Organization resolution last week.
“If they retaliate, we will strike much harder than they do. They don’t need to do anything, I can tell you,” Trump told reporters before boarding the Marine One helicopter before other election demonstrations.
Tuesday’s WTO ruling is part of an industrial dispute of approximately 16 years. The EU has long argued that government subsidies to US aircraft manufacturer Boeing are unfair.
This week’s WTO allows the EU to respond to price lists imposed across Washington after a ruling last October in which the US and its allies in the Middle East have been able to meet the price lists imposed through Washington after a ruling last October in which the US and its allies have not been able to do so. But it’s not the first time It received appropriate tax tasks on EU products worth $7. 5 billion, which affected portions of aircraft and luxury goods due to its objections to EU government support. for rival aerospace organization Airbus.
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Trade tensions between the EU and the US. They have deteriorated in recent years because Airbus and Boeing, the world’s two largest aircraft manufacturers, accuse the other of unfairly receiving billions of dollars in government subsidies.
Tuesday’s WTO resolution does not necessarily mean that the EU will definitely move forward with tariffs. The European President of the International Trade Commission, Bernd Lange, reiterated this week after the resolution that he liked a negotiated agreement on the monetary of civil aircraft.
But he warned that in the absence of a “constructive” commitment from the UNITED States, even after the election, the EU will act with tariffs.