US-EU trade truce at risk over $3.4 billion Airbus loan, Trump official warns
Summary
U.S. Trade Representative Jamieson Greer warned that a $3.4 billion European Investment Bank loan to Airbus could put the U.S.-EU tariff truce at risk. He said his office had received no details about the financing and urged the EU to resolve the issue quickly.Key Facts
- The European Investment Bank announced the loan in June to support Airbus research, development and innovation.
- The financing totals three billion euros, or about $3.4 billion, and is the largest in the bank’s history.
- The EIB said the funding would cover commercial aviation as well as security and defense work.
- The United States and EU have disputed government support for Airbus and Boeing since 2004.
- The dispute led both sides to impose tariffs on billions of dollars of goods.
- The United States and EU agreed to a five-year deal in 2021, and neither side has reimposed the tariffs since.
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