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27 February, 2020 00:00 00 AM
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EU eyes ‘mini deal’ to ease US trade tensions

AFP, Brussels

The EU sees a chance to strike a mini deal to help ease trade tensions with the United States, the bloc’s trade chief told the Financial Times yesterday.

EU Trade Commissioner Phil Hogan said a decision by Washington to delay until March 18 a hike on US tariffs on Airbus from 10 per cent to 15 per cent was “a signal that the US (is) willing to give this window of opportunity a chance”.

The US decision followed a comment by President Donald Trump that it was time to talk “very seriously” about an overarching trade agreement.

Trump is especially keen to give US agricultural goods greater access to the EU market.

The current US tariffs on Airbus aircraft imported from Europe were imposed in October, after the World Trade Organization authorised Washington to retaliate for European subsidies to the planemaker.

 

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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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