Airbus Issues Warning over Escalation of US-EU Dispute
- The U.S. and the EU have threatened billions of dollars-worth of tariffs be imposed on goods including aircraft, in the latest step of a long-running transatlantic dispute at the World Trade Organization.
- Airbus Chief Commercial Officer, Christian Scherer, told CNBC that the proposed tariffs “defy economic logic,” saying they will end up hurting the consumer.
Airbus has issued a warning about any escalation of the dispute over aircraft subsidies between the U.S. and the European Union, saying proposed tit-for-tat tariffs will hit the supply chain and the consumer. Read more in this article.