Of the industry aerospace to agri-food, the commercial dispute between the country that governs Donald Trump and some of the European Union it will end up being cruel. At least, for a variety of Farm products Spaniards affected by US tariffs. Those that will be imposed as of October 18, after the ruling of the World Trade Organization (WTO) in favor of Washington this past wednesday. It is an issue related to illegal European subsidies, but the Spanish countryside will bear the worst of it. Although it will not be the only sector that will see increased impuestos Americans. Learn more about all this here.
This is how this rise in US tariffs will affect
To understand the reason for this rise in US tariffs we must go back to 15 years ago, when the commercial war between the EU and the American country. In the context of everything are the American planes Boeing in front of one of the largest companies in the world in the sector: Airbus. The rivalry between the two firms in the same sector led the aeronautical manufacturer to The United States to lose about $ 7.500 billion in potential sales. It was because of illegal subsidies from European governments. Those that went to the competing manufacturer of Europe and that allowed him to develop some of his most recent and sophisticated aircraft models.
Given that Airbus benefited from funding from France, Germany, Spain and the United Kingdom at an interest rate lower than the market rate, the American aerospace industry was damaged. Therefore, now the favorable ruling of the WTO for American interests. The US tariffs they could thus compensate them for the same value that harmed Boeing (about 6.900 million euros). Hence the Casa Blanca has decided to impose these sanctions but not only on the aircraft sector. Because products such as cheese, olives, el olive oil, variety of pig food, cherries, peaches, butter or yogurts.
La Foreign Trade Office of the government of Trump He explained that this greater "weight" will fall on the "four countries responsible for illegal subsidies." Among them, figure Spain, which will see increased US tariffs in a 10% for large civil aircraft and in a 25% for those agricultural foods mentioned. This serious punishment of European Union It is also the same for the sale of our products in American territory. We will have to wait to see how these measures influence Spanish trade.
(Source: Efeagro)
