The European Union’s top trade official held out the prospect of a long-sought deal with the U.S. on aircraft subsidies before President Donald Trump leaves office.
EU Trade Commissioner Valdis Dombrovskis said “it’s possible” that both sides will reach an agreement by Jan. 20 governing aid to Boeing Co. and Airbus SE. He reiterated an offer to remove EU retaliatory tariffs on $4 billion of American goods if the U.S. does the same for its duties on $7.5 billion of European products.
“The solution which would be preferred by the EU would be that both sides withdraw or at least suspend their tariffs and we reach agreement on future disciplines in the area of civil aviation,” Dombrovskis said in an interview with Bloomberg TV on Thursday. “We are still intensively engaged with the current U.S. administration.”
To read the full article, click here.