Author Topic: US ends Airbus subsidies dispute and pivots to confront China — risking Boeing jet sales  (Read 302 times)

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Offline Elderberry

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American Military News  June 19, 2021 The Seattle Times - Dominic Gates

Years of litigation initiated by Boeing against Airbus in 2004 at the World Trade Organization came to a whimpering end Tuesday, with little to show for 17 years of legal pressure.

More worrisome for Boeing, the trade deal the Biden administration announced with the European Union includes an agreement that the two sides will now pivot to confront China on trade.

Earlier this month, Boeing CEO Dave Calhoun said the jetmaker won’t be able to ramp up 737 Max production as planned next year unless China opens up its market. That outcome now seems at risk.

The Airbus/Boeing dispute had become “the white whale of trade issues,” its solution constantly eluding successive administrations until now, said Kelly Ann Shaw, a former attorney at the U.S. trade representative’s office and trade expert in the Trump White House.

The political deal between the U.S. and the EU resolves the dispute by suspending all previously imposed tariffs for five years and agreeing on a set of principles to rein in future subsidies.

More: https://americanmilitarynews.com/2021/06/us-ends-airbus-subsidies-dispute-and-pivots-to-confront-china-risking-boeing-jet-sales/