--The U.S. has offered the European Union a settlement in an international dispute over aircraft-manufacturing subsidies, Reuters reports, citing sources close to the matter.

--In the offer, made by U.S. Trade Representative Robert Lighthizer, the U.S. would remove tariffs on wine, whiskey and other products if Airbus repays aid from European governments.

--The World Trade Organization has said that European governments unfairly subsidized Airbus through low interest rates on loans and that U.S.-based Boeing Co. has received unfair support from American tax breaks.

--The EU is unlikely to support Mr. Lighthizer's proposal, Reuters reports.

Full story: https://www.reuters.com/article/us-wto-aircraft-exclusive/exclusive-u-s-offers-tariff-truce-if-airbus-repays-billions-in-aid-sources-say-idUSKBN2701A0

(END) Dow Jones Newswires

October 15, 2020 13:55 ET (17:55 GMT)

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