Airbus logo at the factory in Hamburg, Germany. (Photo: AFP/VNA) European aircraft maker Airbus has welcomed a truce between the European Union (EU) and the US to ease transatlantic trade tensions over government subsidies for the two manufacturers. airplane export Boeing and Airbus . Speaking at a press conference on June 15, Airbus Chief Commercial Officer Christian Scherer said: “From an Airbus perspective, we warmly welcome that agreement.” Mr. Scherer stressed that anything that levels the playing field in this highly competitive industry and avoids a nasty tariff confrontation where neither side wins is good news. Earlier, US Trade Representative Katherine Tai said that the EU and the US had come to an agreement to suspend retaliatory tariffs related to the dispute over subsidies for two aircraft manufacturers Airbus and Boeing in the past 5 years. year. Ms. Katherine Tai said Washington could re-impose punitive taxes if US companies cannot “ fair competition ” with European companies. This agreement is said to mark a diplomatic victory in the US President’s trip Joe Biden to Brussels. In March, the EU and the US also agreed to suspend for four months the imposition of retaliatory tariffs related to subsidies to Airbus and Boeing. The suspension will last until July 10, with tariffs re-imposed on July 11, if no solution is reached. Due to a trade dispute over government subsidies for two of the world’s top rival aircraft manufacturers, Airbus and Boeing, EU and US continuously roll out tariffs to punish each other. In March 2018, then US President Donald Trump imposed a 25% tax on imported steel products and 10% on aluminum imported from the EU, Canada and Mexico. In response, the EU approved regulations to impose tariffs on $3.2 billion in US goods, including a 25% tax on American whiskey. In addition to the Airbus-Boeing issue, the two sides are currently arguing over France, Spain and some EU countries imposing digital taxes on major US technology firms.

Besides, European Commission President Ursula von der Leyen also expressed optimism that the two sides will reach an agreement as soon as possible. US and EU express cooperation on protection issues for Boeing and Airbus In March, the EU and the US also agreed to suspend counter-tariff actions for four months over a dispute related to protections for Airbus and Boeing. The US accused the EU of protecting aircraft maker Airbus to create a competitive advantage, while the EU also accused the US of taking similar measures against Boeing. The related lawsuits have dragged on for the past 17 years but have not come to an end. The dispute has led Brussels and Washington to repeatedly launch tariffs to punish each other. In March 2018, former US President Donald Trump imposed 25% tariffs on imported steel products and 10% on aluminum imports from the EU, Canada and Mexico. In response, the EU approved a regulation to impose tariffs on $3.2 billion in US goods, including a 25% tax on the country’s whiskey. In addition to the issue of Airbus-Boeing, the two sides are currently arguing about France, Spain and some EU countries imposing digital taxes on major US technology firms.