Monday, 24th June, 2024
Monday, 24th June, 2024

France suggests pause on US-EU trade standoff

The European Union and the US should
“pause” a long-running tariff disagreement to allow the issue to be resolved,
France’s foreign minister suggested Sunday.

A 16-year spat over aircraft subsidies has turned increasingly sour under
the Donald Trump administration, expanding to other products and sectors, and
France’s suggestion comes ahead of President-elect Joe Biden’s inauguration
in the coming week.

“The issue that poisons everyone is that of the price increases and taxes
on steel, digital technology, Airbus and particularly our wine sector,” said
foreign minister Jean-Yves Le Drian in an interview with the Journal du
Dimanche.

“If we could quickly find a method to settle this dispute with Europe and
France, that would be a step forward,” he said. “It may take time but, in the
meantime, we can always order a pause.”

At the end of the year, Washington announced new tariffs on aircraft
parts, wine, cognac and brandies from France and Germany, adding to a long
list of EU products subject to 25 percent duties since 2019.

The US said the move was in retaliation for tariffs the EU imposed in
November, which it considers unjustified and calculated unfairly.

The latest tariffs go into effect some days after the end of Trump’s term.

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