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The trade situation is further intensified! The EU wants to evade taxes on the US’s nearly $12 billion in goods.

April 15, 2019 09:54
source: Huitong Net

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The United States and Europe have accused each other of providing distorted market support to aircraft manufacturers. It is reported that the EU is in the rightBoeingThe disputes triggered by the subsidies are prepared to implement retaliatory tariffs, considering the fight against nearly $12 billion in US goods, ranging from food to helicopters. In the US, it also threatens to impose tariffs on EU products worth $11 billion to counter the government subsidies that Airbus receives.

An official who did not want to be publicly disclosed revealed that the EU's executive body, the European Commission, showed a retaliation plan to trade experts of member governments in Brussels on Friday.

The World Trade Organization will finalize the scale of imports that the two sides can target in these two cases. On April 9, the European Commission said that the US goal of adding tariffs on the 11 billion US dollars of EU imports was "very exaggerated."

A communique issued last Saturday showed that in an environment where the world economy faces downside risks such as trade frictions,Long andCentral bank governors are prepared to take “quick action” to promote growth.

InternationalcurrencyThe communique issued by the Financial Commission said that although economic growth is expected to stabilize in 2020, "the risk is still biased downward." The committee said risks include “trade tensions, policy uncertainty, geopolitical risks, and sudden and sharp tightening of financial conditions in the context of limited policy space, historically high debt levels, and increased financial vulnerability.”

April 11 InternationalMonetary FundAt the organization's spring meeting, Lagarde said: "In order to protect the expansion, we will continue to reduce risks, enhance resilience, and act quickly when necessary to promote growth for the benefit of all parties."

The policy team urged central banks to communicate their policy decisions well and act in a “data-based” manner. The communique also reiterated that countries are committed to avoiding “competitive depreciation” of their currencies. Officials said fiscal policy should be flexible and friendly to growth.

The communiqué is expected to urge countries to resolve trade frictions, pointing out that free, fair and mutually beneficial trade and investment in goods and services is a key engine for growth and job creation.

(Article source: Huitong.com)

                (Editor: DF381)

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