Airbus CEO urges trade war ceasefire, easing of Covid-19 travel bans | Money
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Airbus CEO urges trade war ceasefire, easing of Covid-19 travel bans | Money

Logo of the Airbus Group at the Airbus annual news conference in Colomiers January 13, 2015. — AFP pic

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PARIS, Feb 20 — The head of European planemaker Airbus called today for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the Covid-19 crisis.

Washington progressively imposed import duties of 15 per cent on Airbus jets from 2019 after a prolonged dispute at the World Trade Organisation, and the EU responded with matching tariffs on Boeing jets a year later. Wine, whisky and other goods are also affected.

“This dispute, which is now an old…

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