Wednesday, April 14, 2021
 

New US trade chief to end Boeing-Airbus rift

 

Latest Stories

MJAS Zenith-Talisay City routs KCS Computer Specialist-Mandaue

CEBU: The MJAS Zenith Talisay City Aquastars and the ARQ Builders-Lapu-Lapu City Heroes carved out emphatic wins to claim a...

Covid cases in PH dip to 8,571

THE country's new cases of the coronavirus disease 2019 (Covid-19) in a single day dropped slightly for the first...

US recommends ‘pause’ for J&J vaccine over clot reports

WASHINGTON, D.C.: The United States is recommending a “pause” in administration of the single-dose Johnson & Johnson Covid-19 vaccine...

WHO urges halt to sale of live wild mammals in food markets

GENEVA: The World Health Organization called on Tuesday for a halt to the sale of live wild mammals in...

Voter registration suspended in NCR plus bubble, 3 other areas

VOTER registration remains suspended in the National Capital Region (NCR) plus 4 bubble; Santiago City in Isabela and the...

NEW YORK: President Joe Biden’s pick to be the top US trade negotiator said Thursday (Friday in Manila) she will seek to find a solution to the costly, longstanding fight over subsidies for Boeing and Airbus.

The 16-year-old trans-Atlantic conflict over government aid to the competing aircraft manufacturers has seen Brussels and Washington each impose punitive tariffs, including US duties on a record $7.5 billion in European goods authorized by the World Trade Organization in 2019.

“I would very much be interested in figuring out, pardon the pun, how to land this particular plane because it has been going on for a very long time,” Katherine Tai told senators during her confirmation hearing to serve as US Trade Representative.

Tai acknowledged the “disruption and the pain” the tariffs cause, but said that is how the WTO process is designed to work.

“You inflict pain on each other stakeholders to try to motivate each other to come to a resolution.” But she said there is “the need for the US and EU to come together to figure out an answer.”

Tai also agreed that the WTO should be reformed, a view shared by her predecessor, who effectively paralyzed the trade body’s dispute settlement system.

 


“We need to be having hard conversations in Geneva, in a constructive way to be asking, what is the value of the WTO to its members,” Tai said. Each side has won WTO rulings in the aviation dispute that authorized punitive tariffs.

The Biden administration earlier this month said that for now it will keep in place the 25 percent tariffs on European products like wine, cheese and olive oil, and 15 percent tariffs on Airbus.




 
 

Weather

Today's Front Page

TRY OUR DIGITAL EDITION
FREE FOR 30 DAYS

ALREADY A SUBSCRIBER?