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AIR - Airbus SE News Story

€100.22 1.8  1.9%

Last Trade - 14/04/21

Sector
Industrials
Size
Large Cap
Market Cap £67.01bn
Enterprise Value £70.65bn
Revenue £43.37bn
Position in Universe 14th / 846

UPDATE 1-U.S., EU agree tariff freeze in aircraft dispute, says EU

Fri 5th March, 2021 5:40pm
(Adds more on dispute, US-UK deal, trade chief)
    By Philip Blenkinsop
    BRUSSELS, March 5 (Reuters) - The European Union and the
United States have agreed to suspend tariffs imposed on billions
of dollars of imports in a 16-year-old dispute over aircraft
subsidies, European Commission President Ursula von der Leyen
said on Friday.
    Von der Leyen said in a statement that she had talked by
telephone with U.S. President Joe Biden and said both had agreed
 a four-month suspension and were committed to focus on
resolving the dispute.
    "This is excellent news for businesses and industries on
both sides of the Atlantic, and a very positive signal for our
economic cooperation in the years to come," she said.  
    The United States has tariffs on $7.5 billion of EU goods
and the European Union duties on $4 billion of U.S. imports
resulting from long-running World Trade Organization cases over
subsidies for planemakers Airbus  AIR.PA  and Boeing  BA.N .
    Friday's agreement between Brussels and Washington mirrors
the four-month tariff suspension agreed on Thursday by the
United States and Britain.  urn:newsml:reuters.com:*:nL2N2L2119     
    EU trade chief Valdis Dombrovskis hailed the new agreement
as a significant step forward.
    "It marks a reset in our relationship with our biggest and
economically most important partner. Removing these tariffs is a
win-win for both sides, at a time when the pandemic is hurting
our workers and our economies," he said.

 (Reporting by Philip Blenkinsop; Editing by Kirsten Donovan)
 ((philip.blenkinsop@thomsonreuters.com; +32 2 585 2869; Reuters
Messaging: philip.blenkinsop.thomsonreuters.com@reuters.net))
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