BRUSSELS. The European Union is ready to act against the United States in the dispute between Airbus and Boeing if Washington decides to impose new sanctions on goods imported from the EU. This was remarked yesterday by EU Commissioner for Commerce, Phil Hogan. Who remarked that Brussels will not be intimidated by the threats of the US President Donald Trump, who hypothesized a crackdown on beer, wines, oil and cheeses.
It is a conflict that has been going on since the mid-2000s. In 2004 the World trade organization (WTO) ratified that European aid to Airbus was illegal. Shortly thereafter, the WTO questioned the US for Boeing for illegal support. And it is on this thin line that we are discussing: whether Boeing and Airbus should be subject to state intervention, both affected by the Covid-19 pandemic. According to Hogan, Washington cannot afford to threaten the EU after imposing tariffs on some 7.5 billion euros of assets. Imports from the EU have been at their lowest level since 2017, against an ever-growing demand, according to the American bank Morgan Stanley. But Washington doesn’t seem to care.