WASHINGTON: French finance minister Bruno Le Maire warned on Friday that Europe was ready to hit back at any US tariffs against Airbus as he pleaded for an"amicable solution" to the long-running dispute.
"We must avoid this," he said."On the basis of the WTO's conclusions, it seems to me that the voice of wisdom is to reach an amicable agreement between the United States and Europe on a final settlement of the Airbus-Boeing case," he said, adding that the case has been going on for far too long. US President Donald Trump on Monday threatened the European Union with new tariffs if it did not end subsidies to Airbus, at the risk of reviving a fragile trade truce.This was another step in a 14-year conflict between Boeing and Airbus where the US and EU accuse each other at the World Trade Organization of providing illegal state aid to their respective aeronautical champions.
According to several European sources on Friday, it will make public on Wednesday a list of American products likely to be taxed up to 20 billion euros.
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