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AIR - Airbus SE News Story

€96.75 0.2  0.2%

Last Trade - 06/05/21

Sector
Industrials
Size
Large Cap
Market Cap £65.51bn
Enterprise Value £67.80bn
Revenue £42.95bn
Position in Universe 14th / 848

UPDATE 1-U.S. slaps tariffs on French and German wines, aircraft parts amid EU dispute

Wed 30th December, 2020 11:54pm
(Adds details from statement, background on dispute)
    WASHINGTON, Dec 30 (Reuters) - U.S. trade officials said on
Wednesday they were increasing tariffs on certain European Union
products, including aircraft-related parts and wines from France
and Germany, amid an ongoing civil aircraft dispute between
Washington and Brussels.
    In a statement, the Office of the U.S. Trade Representative 
said it was adding tariffs on aircraft manufacturing parts and 
certain non-sparkling wines as well as cognacs and other
brandies from France and Germany.
    The USTR did not say when the tariffs would take effect but
noted that additional details would be "forthcoming."
    The new tariffs are the latest action in the 16-year U.S.-EU
dispute over civil aviation subsidies involving European
aircraft company Airbus SE  AIR.PA  and its U.S.-based rival
Boeing Co  BA.N .  urn:newsml:reuters.com:*:nL1N2HV18E    
    The USTR said on Wednesday the EU had unfairly calculated
tariffs against the United States allowed by a September World
Trade Organization ruling in the ongoing dispute: "The EU needs
to take some measure to compensate for this unfairness." 
    Representatives for the European Union could not be
immediately reached for comment on the USTR action.

 (Reporting by Susan Heavey; Editing by Leslie Adler and Richard
Chang)
 ((sheavey@thomsonreuters.com; +1 202 843 6600;))
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