The US President commented on the decision of the WTO arbitration panel.
The United States will take even tougher retaliatory measures if the European Union imposes duties on American goods worth about $4 billion a year due to a commercial dispute over subsidies to the Boeing Corporation. This was stated on Thursday to journalists by the President of the United States Donald Trump, before flying to North Carolina, where he will address supporters.
“We will see what happens,” he said, responding to a request for comment on the decision of the World Trade Organization (WTO) arbitration panel, which on Tuesday supported the EU’s position in a commercial dispute with the United States over Boeing subsidies. The arbitrators allowed Brussels to take retaliatory trade measures worth about $4 billion a year. “If they take retaliatory measures, then we will take even tougher measures than they did. They won’t want to do anything, and I can tell you that for sure,” Trump is convinced.
The American President drew attention to the fact that the arbitrators upheld their decision on October 2, 2019, on the number of duties that the United States can impose on EU goods (about $7.5 billion a year) due to non-compliance with WTO rules for subsidizing Airbus in the European Union. “We won the argument for $7.5 billion. And it’s great that we won it, as you know,” the head of the White House said.
WTO arbitrators on Tuesday concluded that France, Germany, Spain, and the United Kingdom had not brought their measures into line with their WTO obligations. Hence, the 2019 decision on Airbus remained in force.