US Warns EU That Airbus Loan Threatens Trade Truce
US Trade Representative Jamieson Greer warned the European Union that a lack of transparency regarding a recent loan to Airbus threatens the transatlantic trade truce. The United States seeks details on the European Investment Bank financing to ensure market-driven aerospace production.
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United States Trade Representative Jamieson Greer told the European Union on Monday that a $3.4B loan to AIRBUS SE threatens a bilateral trade truce on civil aircraft financing. The warning targets a transaction issued in June by the European Investment Bank without prior disclosure to Washington regulators. The dispute jeopardizes the 2021 aircraft agreement and risks reigniting transatlantic aerospace tariffs.
