Airbus CEO urges trade war ceasefire, easing of COVID travel bans
AEROSPACE AND DEFENSE
FEBRUARY 20, 2021 4:38 AM UPDATED 4 HOURS AGO
By Tim Hepher 3 MIN READ
PARIS (Reuters) - The head of European planemaker Airbus called on Saturday for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the COVID-19 crisis.
Washington progressively imposed import duties of 15% on Airbus jets from 2019 after a prolonged dispute at the World Trade Organization, and the EU responded with matching tariffs on Boeing jets a year later. Wine, whisky and other goods are also affected.
“This dispute, which is now an old dispute, has put us in a lose-lose situation,” Airbus Chief Executive Guillaume Faury said in a radio interview.
Reporting by Tim Hepher; Editing by Kirsten Donovan
https://www.reuters.com/article/us-airbus-ceo/airbus-ceo-urges-trade-war-ceasefire-easing-of-covid-travel-bans-idUSKBN2AK0BC
