… the government would be supporting its producers of… pork products...
In this file:
· Europeans keep out hope for talks with US over tariffs
… the government would be supporting its producers of olive oil, olives, pork products...
· U.S. slaps 25% import tax on many Dutch cheeses, dairy & pork products
… if the US decides to introduce import duties, then according to Malmström, the EU has no choice but to do the same...
· Peter Navarro: New tariffs won't lead to trade war with Europe
· UK News: New US tariffs to hit pork exports
Europeans keep out hope for talks with US over tariffs
By Associated Press | New Berlin
via NY1 Brooklyn | Oct. 04, 2019
BERLIN (AP) — European officials said Friday they hope to engage the U.S. in talks on the new tariffs it has imposed on the EU, but are ready to respond with taxes on American goods if needed.
German Foreign Minister Heiko Maas said that the U.S. government is “going down the path of confrontation,” after the Trump administration slapped hefty taxes on EU goods.
The U.S. imposed the tariffs after getting approval from the World Trade Organization over European subsidies for plane-maker Airbus. The EU is expecting a similar ruling over U.S. subsidies for Boeing that would allow it to set tariffs on American goods.
“The EU must react and probably raise punitive tariffs itself after WTO approval,” Maas wrote on Twitter, in an apparent reference to a similar WTO case involving Boeing.
Maas, however, said that the EU “remains prepared to jointly negotiate rules for subsidies to the aircraft industry.”
“We can still avert further damage,” he wrote.
The U.S. tariffs do not go into effect before Oct. 18, leaving some space for negotiations.
The Spanish government echoed that hope.
Minister of Agriculture Luis Planas said, “there is still a margin for negotiation.”
“The government of Spain will bring to bear all the pressure (it can),” he said.
Planas said Spain was going to push the European Commission to have the agricultural products removed from the American list.
He said the government would be supporting its producers of olive oil, olives, pork products...
U.S. slaps 25% import tax on many Dutch cheeses, dairy & pork products
By Janene Pieters, NL Times (Netherlands)
October 3, 2019
The United States is imposing import tariffs of 25 percent on a range of European products. These include cheese, pork, butter, mussels and pears from the Netherlands, according to a list published by American trade envoy Robert Lightizer on Wednesday. The tariffs take effect on October 18th.
The extensive list includes a many cheeses and dairy products that will be taxed at the high rate if they are produced in the Netherlands. A preliminary list of tariffs specifically included some of the most well-known Dutch cheeses. Edam and Gouda cheese, or any products derivative of those cheeses, were on the list of products from the Netherlands subject to a 25 percent import tax. However, the final list says only Edam and Gouda varieties produced in Germany, Spain and the U.K. will be hit with the additional tax.
Earlier this year, after Donald Trump threatened the EU with higher import tariffs, Rabobank analyst Richard Scheper said that Trump's cheese tax will likely not hurt Dutch dairy exporters. According to him, the pain will likely be felt more by American individuals than by Dutch businesses. Because Dutch cheese is already positioned as more of an extravagance on the American market, U.S. consumers will be willing to spend extra on items that are already considered to be expensive by comparison to more typical cheese sold in American supermarkets, he said.
On Wednesday the World Trade Organization (WTO) ruled that the United States is allowed to introduce import duties on 7.5 billion euros of European products, NOS reports. The WTO concluded that aircraft manufacturer Airbus received illegal state aid from various European Union member states, resulting in the United States suffering damages. Those damages may now be compensated by means of import tariffs.
The EU and the US have been fighting about support for large aircraft manufacturers since 2004. The EU argues that the Americans also gave state aid to their aircraft manufacturer Boeing. A definite ruling on this case by the WTO is expected next year.
In a written response, EU Trade Commissioner Cecilia Malmström said that the European Union wanted to get through this with the United States in an honest way. But if the US decides to introduce import duties, then according to Malmström, the EU has no choice but to do the same...
more, including links
Peter Navarro: New tariffs won't lead to trade war with Europe
By Jonathan Garber, FOXBusiness
Oct 3, 2019
Peter Navarro, White House assistant for trade and manufacturing policy, says the World Trade Organization’s judgment in favor of the United States won’t be the start of a tit-for-tat trade war with Europe.
“This was a case that was filed with the World Trade Organization, it went through 15 years, and there was a judgment,” Navarro told FOX Business’ “Mornings with Maria” on Thursday. “Under the rules of the WTO, the judgment will be enforced, and there can be no retaliation.”
The WTO on Wednesday ruled the U.S. can impose tariffs on $7.5 billion worth of European Union goods due to Airbus receiving illegal subsidies for more than a decade. The ruling was the biggest reward in WTO history by a factor of two.
“The U.S. won a $7.5 Billion award from the World Trade Organization against the European Union, who has for many years treated the USA very badly on Trade due to Tariffs, Trade Barriers, and more,” Trump tweeted. “This case going on for years, a nice victory!
The tariffs, which are set to go into effect on Oct. 18, are expected to be 10 percent on large commercial aircraft and 25 percent on agricultural and other industrial goods. European cheese, olives and whiskey are among the goods that will be hit with the tariffs.
The E.U. has vowed to retaliate if the U.S. imposed countermeasures...
New US tariffs to hit pork exports
By Alistair Driver, Pig World (UK)
October 3, 2019
The Trump administration has imposed a new tariff of 25% on pork products from the EU as the trade dispute between the US and EU escalates.
The tariffs, which it is reported could come into force from October 18, will cover a range of pork products and other goods shipped from the EU – worth around £6bn in total – including Scotch whisky, cheese and other dairy products, fruit, seafood, wine and clothing.
The tariffs have been imposed in retaliation for subsidies given to the aerospace group Airbus. The announcement follows a WTO ruling stating that the US can be authorised to apply tariffs worth $7.497 billion annually on the UK, France, Germany, Spain (‘the Airbus nations’) and the wider EU.
In the first seven months of this year, the UK exported 6,768 tonnes of pork to the US, our second largest no-EU destination behind China (38,619t). While the volumes are significantly lower than the Chinese export volumes, the US is an important market for high value pork cuts, with Karro the biggest player in this market.
The US has also imposed a 10% levy on EU-made airplanes that could hurt US airlines that have ordered billions of dollars of Airbus aircraft.
The Department for International Trade said: “The UK government is clear that resorting to tariffs is not in the interests of the UK, EU or US. We are working closely with the US, EU and European partners to support a negotiated settlement to the Airbus and Boeing disputes.
“We are also seeking confirmation from the WTO that the UK has complied fully with WTO rulings regarding support to Airbus, and should not be subject to tariffs.”
The tariffs, another chapter on the growing global trade tensions, will add unwelcome costs to the trade.
US Trade Representative Robert Lighthizer said: