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EU wants swift resolution of aircraft dispute with Biden

Published 12/31/2020, 06:26 AM
Updated 12/31/2020, 07:40 AM
© Reuters. FILE PHOTO: U.S. President-elect Joe Biden delivers remarks on the U.S. response to the coronavirus disease (COVID-19) outbreak, at his transition headquarters in Wilmington

© Reuters. FILE PHOTO: U.S. President-elect Joe Biden delivers remarks on the U.S. response to the coronavirus disease (COVID-19) outbreak, at his transition headquarters in Wilmington

BRUSSELS (Reuters) - The European Commission said on Thursday that new U.S. tariffs on EU products disrupted ongoing negotiations with Washington to resolve a 16-year battle over aircraft subsidies and it hoped to find a swift solution with the next U.S. president, Joe Biden.

The Commission, which coordinates trade policy for the 27-nation European Union, said it regretted the U.S. action, which "unilaterally" disrupted ongoing talks about subsidies for European planemaker Airbus and U.S. rival Boeing (NYSE:BA).

© Reuters. FILE PHOTO: U.S. President-elect Joe Biden delivers remarks on the U.S. response to the coronavirus disease (COVID-19) outbreak, at his transition headquarters in Wilmington

"The EU will engage with the new U.S. administration at the earliest possible moment to continue these negotiations and find a lasting solution to the dispute," it said in an emailed statement.

Latest comments

Straw man talking.
There is no solution unless the law is changed. When Boeing behinds, they sue and vice versa. States give tax incentives for companies to move in. Only those 2 companies agree to a truce but they wont.
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