NEWS: U.S. Offers Tariff Truce If Airbus Repays Billions In Aid...
Currently Airbus repays government loans only when its sales exceed a certain threshold...
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October 15, 2020 - by Tim Hepher, Andrea Shalal and Philip Blenkinsop Reuters for www.yahoo.com
PARIS/WASHINGTON/BRUSSELS (Reuters) - The United States has offered to settle a long-running aircraft subsidy dispute with the European Union and remove tariffs on wine, whisky and other products if Airbus repays billions of dollars in aid to European governments, several sources close to the matter told Reuters
The offer was made by U.S. Trade Representative (USTR) Robert Lighthizer days before the World Trade Organization's (WTO) release on Tuesday of a report authorising Brussels to slap counter-tariffs on U.S goods over subsidies to planemaker Boeing, the sources said.
Lighthizer's proposal, however, is unlikely to win support from the EU, which appears set to ask the WTO at an Oct. 26 meeting to endorse $4 billion in EU tariffs on U.S. goods. The imposition of $7.5 billion of U.S. tariffs over Airbus subsidies has already started to hit European goods.
The USTR's office and the European Commission, the EU executive, did...
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