11/13/2020, 10:10 PM (Source: TeleTrader)
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EU–US sanctions case can be solved - Le Maire

French Economy and Finance Minister Bruno Le Maire said he believed a compromise between the European Union and the United States over the sanctions both sides imposed on each other following a dispute over subsidies to Airbus SE and the Boeing Company can be reached.

"We need to move away from sanctions," Le Maire urged. "The election of [US] President[-elect Joe] Biden will be a new start in the relationship between Europe and the United States."

Last fall, Washington imposed tariffs on the imports from the bloc following the World Trade Organization's (WTO) decision Brusells illegally subsidized Airbus. Earlier this week, the EU responded to the move by introducing additional fees on Boeing and other goods from the US.

Breaking the News / JR