AFP

EU US trade tariffs,CHRONO 18 Ekim 2019 - 15:41

EU-US trade stand-off: a nearly 18-month escalation Paris, Oct 18, 2019 (AFP) - Key dates in a nearly 18-month trade standoff between the European Union and the United States, which imposed new tariffs on European aircraft, wines, whiskey and other products Friday. - Trump announces taxes - On March 1, 2018 President Donald Trump announces plans for tariffs of 25 percent on steel and 10 percent on aluminium imports to protect US producers. It riles producers including the EU, which draws up a list of American products it could tax in retaliation, from Harley Davidson motorcycles to blue jeans and bourbon whiskey. Trump suspends the tariffs until May 1. - EU goes to WTO - On April 16 the EU complains to the World Trade Organization (WTO). The EU trade commissioner, Cecilia Malmstrom, calls for the bloc to be "unconditionally excluded from these measures". On May 1 the White House extends the suspension of tariffs for a month for the EU, Canada and Mexico. On May 23 Washington says it is also planning tariffs on cars, rattling in particular Germany's key auto industry. - Tariffs implemented - The US steel and aluminium tariffs come into effect June 1. Several affected countries, including the EU, complain to the WTO. On June 22 the EU's revenge tariffs on dozens of US products come into force. Trump immediately threatens 20 percent customs duties on cars imported from the EU. - Truce? - On July 25 Trump and European Commission chief Jean-Claude Juncker meet for two hours in a bid to defuse the trade dispute, announcing measures for industry, agriculture and energy. On January 18, 2019 the EU says it is ready for talks with the US on a trade deal for industrial goods. It is a bid to avoid a trade war and avert duties on car imports. On January 29 the EU approves the import of American soya to make biofuels, intended to appease the tensions. - Airbus v Boeing - On April 8 Washington threatens new tariffs of up to $11.2 billion on a host of European products in response to subsidies for Europe's multinational aeronautical company, Airbus. Europe says it is ready to riposte. On April 15 the EU approves the opening of trade talks with the United States on industrial goods, with a "red line" on farm products. Two days later it unveils a wide-ranging list of US-made goods, from beeswax to car parts, subject to tariffs of up to $12 billion in retaliation for subsidies to its aeronautics giant, Boeing. - Wine, cheese and cars - On May 17 Trump says he will hold off for six months a decision on whether to impose tariffs on car imports. But on June 10 he renews a threat to impose higher tariffs on French wine imports, accusing France of high taxes on US wine. On July 2 the United States proposes duties on a range of EU items, including cheeses and whisky, over EU aircraft subsidies. On July 24 the EU says it is ready to impose extra tariffs on US goods worth 35 billion euros if Washington imposes duties on its cars. - US tariffs in force - On October 2 the WTO gives Washington the green light to slap tariffs on $7.5 billion worth of EU goods in retaliation for support of Airbus. They come into effect on October 18, after talks for a last-minute reprieve fail, and include 10 percent on civilian aircraft and 25 percent on certain wines, with whisky, cheese and olives as well as some textiles affected. ang-br/cw BOEING AIRBUS GROUP HARLEY-DAVIDSON

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