Connect with us

The European Commission has published a list of $20bn (£15bn) worth of US imports it could hit with tariffs, in an aircraft subsidy dispute that has dragged on for nearly 15 years.

The European Union’s competition watchdog released the 11-page list of US imports it could target on Wednesday, which include agricultural produce from dried fruit to ketchup, fish, tobacco, handbags and suitcases

The commission also singled out hardware such as tractors, shovels, helicopters, planes as well as video game consoles.

The published list will now be open to consultation until 31 May and could then be revised.

The move by Brussels was in response to proposals last week by the Trump administration which targeted a seven-page list of EU products for tariffs, ranging from large aircraft to dairy products and wine.

The US said the proposed tariffs would counteract harm done by EU subsidies for Airbus worth an estimated $11bn.

America and European Union have been battling at the World Trade Organisation over the subsidies given to US plane maker Boeing and its European rival Airbus, since October 2004.

NEW YORK, NY - FEBRUARY 09: A model poses for the Kate Spade presentation (bag detail) during New York Fashion Week: The Shows on February 9, 2018 in New York City. (Photo by Monica Schipper/Getty Images for New York Fashion Week: The Shows)
Image:
The EU has published a list of American imports including handbags that could face tariffs

Following partial victories on both sides, the countries are seeking WTO arbitration to determine the level of countermeasures each can impose on the other.

“The EU remains open for discussions with the US, provided these are without preconditions and aim at a fair outcome,” EU Trade Commissioner Cecilia Malmstrom said in a statement.

In both cases, WTO arbitrators have yet to set an amount, but the US case against Airbus is further along and could see a possible ruling in June or July.

The EU case against Boeing could come early in 2020.

Both sides have said they would prefer a settlement that did not lead to the imposition of tariffs and earlier this week the EU said it was ready to start formal trade talks with the US.

The Commission plans to begin with two sets of negotiations – one to cut tariffs on industrial goods, and the other to make it easier for companies to show that their products meet EU or US standards.

But more room for tensions arose after the EU insisted that agriculture not be included in negotiations, something the US wants to be part of any talks.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Game Of Thrones fans aren’t happy with this Daenerys Targaryen waxwork | Ents & Arts News

Published

on

She is Daenerys Targaryen, Mother of Dragons, a queen who could soon claim the Iron Throne.

So it is only fitting she should have a waxwork in her honour – but perhaps makers could have made it a bit more… well, a bit more Daenerys-like.

Dublin’s National Wax Museum’s new addition pays homage to the Game Of Thrones character, played by Emilia Clarke, but has been widely mocked online.

“Wow, Winter’s really taken its toll,” said one commenter on the venue’s Instagram post, referencing one of the series’ most famous lines: “Winter is coming.”

“How do you f*** this up with all the technology there is,” said another user.

“Oh my god WHAT HAVE YOU DONE TO HER,” said another post.

Pic: HBO/Sky Atlantic
Image:
The real Daenerys, with boyfriend/nephew Jon Snow. Pic: HBO/Sky Atlantic

Many have said the figure looks more like Legolas from Lord Of The Rings, who was played by actor Orlando Bloom, or Lucius Malfoy, played by Jason Isaacs in the Harry Potter films.

More from Game Of Thrones

They might have a point…

Jason Isaacs as Lucius Malfoy in Harry Potter
Image:
Jason Isaacs as Lucius Malfoy in Harry Potter
Orlando Bloom as Legolas in Lord of the Rings
Image:
Orlando Bloom as Legolas in Lord of the Rings

Daenerys is not the only famous face to be immortalised in less-than-flattering wax or stone.

Remember the Christian Ronaldo bust? Mo Salah‘s? And Beyonce has had numerous sculptures which haven’t quite lived up to the real Queen Bey.

:: How many times can Beyonce statues get it wrong?

A bust of Cristiano Ronaldo has caused a storm on the internet
Image:
This statue of Cristiano Ronaldo was eventually replaced
The statue features Mo Salah with his arms outstretched
Image:
Not sure if Mo Salah’s statue is in proportion

Statues of Michael Jackson, Lucille Ball and Diego Maradona have also been ridiculed in recent years.

Clarke herself has yet to comment on her own figure, but let’s hope Daenerys sees the funny side.

Should she decide to unleash those dragons, it wouldn’t last long.



Source link

Continue Reading

Latest News

Emiliano Sala’s father dies three months after footballer’s fatal plane crash | World News

Published

on

The father of Emiliano Sala has died three months after the Premier League footballer was killed in a plane crash.

Horacio Sala, 58, suffered a fatal heart attack in Argentina, the mayor of his hometown Progreso said.

“2019 has been very hard on us,” Julio Muller told local media.

“I think Horacio couldn’t get over what happened to Emi.

“Every news he heard about the investigation was really tough for him.”

A plane carrying Emiliano Sala crashed on 21 January, just two days after he had completed a £15m move from French club Nantes to Cardiff City.

The Argentinian striker was travelling to the Welsh capital in a private plane with pilot David Ibbotson when it went down in the English Channel near Alderney.

Horacio Sala described his anguish after the wreckage was discovered, telling Argentinian television: “I cannot believe it. This is a dream. A bad dream. I am desperate.”

Horacio Sala was visibly emotional during a vigil for his son in February
Image:
Horacio Sala was visibly emotional during a vigil for his son in February

The footballer’s body was recovered on 7 February after a privately-funded search was launched, while Mr Ibbotson remains missing.

It has also emerged that one of Emiliano Sala’s best friends died last week in a car crash.

Sebastian Rabellino was a footballer for San Martin de Progeso, the club where Sala started his career as a youth player.

Following Sala’s death, Cardiff City and Nantes are locked in a legal battle over his £15m transfer fee after the Premier League club refused to pay the first £5m instalment.

Emiliano Sala is Cardiff's record signing
Image:
Emiliano Sala had signed for Cardiff City for £15m

It is understood Cardiff argue that Sala’s contract had been rejected by the Premier League because it contravened signing-on fee rules and was therefore “null and void”, Sky Sports News reported.

The club also claim that further contract clauses – proposed by Nantes – had not been met.

Meanwhile, Cardiff City has denied claims it failed to offer Emiliano Sala suitable travel arrangements before his ill-fated flight to the UK.

Source link

Continue Reading

Latest News

Uber seeks market value of over $90bn in share sale | Business News

Published

on

Uber is seeking a market value just above $90bn in its planned flotation, according to documents filed with regulators.

The ride hailing firm said it planned to offer 180 million shares in its Initial Public Offering (IPO) at a price of between $44-per share to $50-per share.

There would be an additional 27 million shares sold by current equity holders, Uber said.

It had been widely reported in US media that Uber had reduced its top valuation from a more lofty $120bn following a lacklustre stock market debut for its largest rival in North America, Lyft.

While Lyft’s shares climbed when trading first began last month, Lyft’s market value has plummeted since – down by 22% ahead of Friday’s opening.

In the filing with the Securities and Exchange Commission, Uber revealed the path to profitability would likely be a rocky road for investors.

It reported a net loss of $1bn for the first quarter of the year on revenues of roughly $3bn.

It said its shares would trade on the New York Stock Exchange under the ticker name UBER.

Uber also said PayPal had agreed to purchase $500m of stock in a private placement as the pair embark on a venture to create a digital wallet for customers.

The filing kicks off a 10-day roadshow for potential investors to ask questions of senior management.

They are likely to face questions on subjects ranging from profitability to the treatment of drivers following controversy over its treatment of so-called gig economy workers and safety provisions.

More follows…

Source link

Continue Reading

Trending