AEM Calls for EU and U.S. to Resolve WTO Aircraft Dispute
WASHINGTON, D.C. – Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement on the European Union announcement of additional tariffs on U.S. products as part of the WTO dispute between Boeing and Airbus:
“With tariffs now impacting two-way trade of construction and agricultural equipment between the U.S. and the EU, we strongly urge both parties to quickly accelerate engagement and negotiate a solution to this dispute. Increased U.S. and EU tariffs have impacted several sectors with no ties to the civil aircraft industry and have especially hurt manufacturers of construction and agricultural equipment, as well as distributors and customers. At a time of tremendous upheaval, economies on both sides of the Atlantic cannot afford additional punitive tariffs.”
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 2.8 million jobs in the U.S. Equipment manufacturers also contribute $288 billion a year to the U.S. economy.