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12/31/2020, 12:58 PM (Source: TeleTrader)
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Airbus urges EU to respond to US sanctions

Airbus SE urged the European Union on Thursday to respond to the extended sanctions the United States imposed on the company's operations and "defend its interests and the interests of all European companies and sectors [...] targeted by these unwarranted and counterproductive tariffs."

"USTR's [Office of the US Trade Representative] expansion of tariffs to include components for aircraft manufactured in the US – by American workers – is counterproductive in every way," the firm's spokesperson added.

Earlier this week, Washington extended its tariffs on certain goods from the EU, including aircraft parts produced by Airbus.

Breaking the News / JR