Withdraws US rates amid conflict between Boeing and Airbus

The United Kingdom has made a move and has done so to distance itself from the European Union and side with the United States in the commercial dispute that both parties maintain on account of the aid to Boeing and Airbus. London has announced that will suspend the tariffs imposed on American products in retaliation for that struggle from January 1, when the post-Brexit transition period will have ended and the British are de facto outside the EU.

The British Department of Commerce has been the one that has made the announcement and attributed its decision to an attempt to reduce the escalation of an international trade conflict that hurts everyone. But the truth is that the decision represents a first divergence with Brussels in its commercial policy and points towards a possible movement of Downing Street to forge closer ties with Washington.

“Ultimately, we want to reduce the escalation of the conflict and reach a negotiated settlement so that we can deepen our trade relationship with the United States and draw a line on all of this.” It has been the explanation given through a statement by the Minister of Commerce, Liz Truss. A pronouncement that until now has not received a response from either of the other two parties involved.

London, which left the EU in January but remains in that transition period until December 31, joined the community bloc to apply tariffs to US products worth 4,000 million dollars in November. The measures were authorized by the World Trade Organization (WTO), which had previously also given the go-ahead for the Americans to impose duties on European products worth 7.5 billion dollars.

However, London is now turning the wheel and suspending these tariffs on North American products and it does so, in addition, in the process of leaving the Trump Administration and in what The experts also interpret it as a gesture towards the president-elect, Joe Biden, with whom the British Prime Minister, Boris Johnson, was not so aligned in principle. Meanwhile, US and European officials are holding meetings to try to resolve the dispute over the aircraft subsidies.

In 2018, Washington imposed tariffs on steel and aluminum sourced from the European Union, citing national security concerns. The EU, including the UK, retaliated with its own set of fees, arguing that the US concerns were unfounded. The London decision also comes in the middle of negotiations with the EU to try to reach a trade agreement to regulate their relationship from next year..

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.