EU retaliation duties of U.S. aerospace products news by Hebei Longsheng
| Deere pays the price as EU gets its retaliation in early The European Commission has launched a consultation through May 31 into potential retaliatory duties against U.S. aerospace subsidies. While that’s part of a WTO process it comes at the same time as the U.S. has launched a section 301 review of duties to be applied in retaliation for EU aerospace subsidies. Both reviews put forthcoming, wide-ranging trade negotiations at risk. The most significant product being targeted by the EU are bituminous coal, where U.S. exports were worth $4.0 billion in 2018. That’s followed by a wide-range of chemicals worth $3.37 billion and food/beverages valued at over $2.1 billion. Outside commodities there are several capital equipment targets worth an aggregate $1.65 billion. Those include construction machinery, such as those exported by Deere & Co, industrial engines exported by Cummins and even motorcycle parts shipped by Harley Davidson. |
