Airbus-Boeing Conflict: U.S. Sanctions Would Be an Error, French Economic Minister Said
03 October 2019 - 2:40AM
Dow Jones News
By Olivia Bugault
French Economic Minister Bruno Le Maire said that U.S sanctions
would be a political and economic error in response to the World
Trade Organization ruling that the U.S. could levy tariffs on $7.5
billion of exports from the European Union.
The U.S. and the E.U. should work together on a settlement, Mr.
Le Maire said in a WhatsApp message to the press, noting that the
E.U. will also be able to impose sanctions on the U.S. next
year.
"We want to de-escalate tensions," Mr. Le Maire said, but added
that along with their European partners, they will be ready to
firmly answer to the potential tariffs.
The WTO's decision on Wednesday concludes a 15-year battle
between Airbus SE (AIR.FR) and Boeing Co. (BA) over support
programs for the aircraft makers. The WTO will rule on a separate
E.U. case against U.S. subsidies to Boeing in the first half of
next year.
Write to at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
October 02, 2019 12:25 ET (16:25 GMT)
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