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EU wants swift resolution of aircraft dispute with Biden

Stock MarketsDec 31, 2020 07:40AM ET
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© 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).

"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.

EU wants swift resolution of aircraft dispute with Biden
 

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Comments (3)
John Hat
John Hat Dec 31, 2020 11:01PM ET
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Straw man talking.
Kaveh Sun
Kaveh Sun Dec 31, 2020 11:03AM ET
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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.
Nordin Mohamad
Nordin Mohamad Dec 31, 2020 8:45AM ET
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once biden become the next president he would become breakfast for ccp/china, EU also from usa domestic....
Tony Ab
Tony Ab Dec 31, 2020 8:45AM ET
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Breakfast ? Nahh more like a snack
 
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