Wed. Nov 4th, 2020
US regrets EU move on tariffs, seeks deal on Boeing-Airbus row: speech

The United States on Monday told the WTO that it regretted the European Union’s seeking retaliatory tariffs for Boeing subsidies, and that it favoured a “negotiated resolution” with the bloc over its subsidies to rival planemaker Airbus .

FILE PHOTO: U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir

GENEVA: The United States on Monday told the WTO that it regretted the European Union’s seeking retaliatory tariffs for Boeing subsidies, and that it favoured a “negotiated resolution” with the bloc over its subsidies to rival planemaker Airbus .

The U.S. speech, seen by Reuters, came at a meeting of the World Trade Organization’s Dispute Settlement Body (DSB) which gave its formal clearance on Monday for the EU to impose tariffs on US$4 billion of U.S. goods.

“In conclusion, the United States strongly favors a negotiated resolution of its dispute with the EU over the massive launch aid subsidies it provided to Airbus. The United States has recently provided proposals for a reasonable settlement that would provide a level playing field,” the U.S. delegation said.

(Reporting by Stephanie Nebehay; editing by Michael Shields)

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