France and EU ready to respond with sanctions in U.S. trade dispute - French minister

Record ID: 1434911

  • Title: France and EU ready to respond with sanctions in U.S. trade dispute - French minister
  • Date: 3rd October 2019
  • Summary: SAINTE-CROIX-DU-MONT, FRANCE (FILE - JULY 29, 2019) (REUTERS) BOTTLE OF FRENCH WINE BEING UNCORKED WINE BEING POURED INTO GLASS BOTTLES OF BORDEAUX WINE VARIOUS OF CHATEAU AND GRAPE VINES
  • Embargoed: 17th October 2019 14:29
  • Keywords: tariffs sanctions France trade French wine Emmanuel Macron Bruno Le Maire European Union Donald Trump Airbus trade dispute
  • Location: IN AIR / INTERNET / PARIS, TOULOUSE & ARGELES-SUR-MER, SAINTE-CROIX-DU-MONT, FRANCE / WASHINGTON, D.C., UNITED STATES
  • City: IN AIR / INTERNET / PARIS, TOULOUSE & ARGELES-SUR-MER, SAINTE-CROIX-DU-MONT, FRANCE / WASHINGTON, D.C., UNITED STATES
  • Country: France
  • Topics: Government/Politics,International Trade
  • Reuters ID: LVA001AZJN51J
  • Aspect Ratio: 16:9
  • Story Text:France and the European Union (EU) are ready to respond "with sanctions" if the United States were to reject the hand extended by Europe in the Airbus trade dispute, said French Finance Minister Bruno Le Maire said on Thursday (October 3).
    The United States on Wednesday (October 2) said it would slap 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal EU aircraft subsidies.
    President Donald Trump hailed a "nice victory" after the World Trade Organization (WTO) decision gave the United States the go-ahead to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case.
    The dispute darkens the global economic outlook, which already has the cloud of the U.S.-China trade dispute hanging over it. Washington and Beijing have imposed tariffs on each other's goods worth hundreds of billions of dollars.
    (Production: Pascale Antonie)
  • Copyright Holder: FILE REUTERS (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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