We and our partners do the following data processing based on your consent: store and/or access information on a device, personalised advertising and content, advertising and content measurement, audience research and services development US-EU trade truce at risk over $3.4 billion Airbus loan, Trump official warns US Trade Representative Jamieson Greer warned on Monday that a$3.4 billion European Investment Bank loan to Airbus could jeopardise a tariff truce between Washington and Brussels.Greer said his office had received no details about the financing,announced in June,and urged the EU to resolve the matter quickly. Airbus logo at the Paris Air Show (Le Bourget), near Paris, June 17, 2025. © Bertrand GUAY, A tariff truce between the European Union and United States is potentially at risk due to a multibillion-dollar loan approved by the bloc's investment bank for Airbus this summer, President Donald Trump's top trade official said Monday. US Trade Representative Jamieson Greer expressed concern that his office had received "no details about this loan" and pressed for the situation to be "resolved as soon as possible." "I had sincerely hoped that trade-distorting European subsidies to Airbus were a thing of the past," Greer said in a statement.
"This situation injects substantial uncertainty into transatlantic trade in the aerospace sector," he continued. In June, the European Investment Bank (EIB) said it would provide Airbus with a record three billion euros ($3.4 billion) in financing to boost its research and development. Read moreFCAS project failure: 'France, Germany characterised by totally different strategic cultures' "This new financing -- unprecedented in the EIB's history -- aims to provide Airbus with not only the capacity but also the flexibility needed to invest in long-term research, development and innovation across both commercial aviation and the security and defence sectors," EIB vice president Ambroise Fayolle told at the time.
The United States and European Union had been squabbling over alleged unfair trade practices since 2004, with both sides claiming the other provided support to private companies, such as aircraft manufacturers Boeing and Airbus, in violation of international trade agreements. The 17-year-long feud saw the United States and EU impose tariffs on billions of dollars worth of each other's products. But in 2021, a five-year deal was agreed between both sides under former president Joe Biden's administration.
Airlines rush to fix Airbus A320 software glitch, disruptions reported 1. 1 ## Government says protests across France 'went well' despite nearly 1,000 arrests France Includes a video 12 min 2. 2 ## Brazil's Lula thanks voters for his victory, Bolsonaro does not recognise the results Americas 3. 3 ## Serbia's Vucic concedes defeat in historic snap election with record turnout Europe Includes a video 2 min 4. 4 ## What to know as Brazilians choose between Lula and Flavio Bolsonaro in tense presidential run-off Americas 5. 5 ## At least 1,300 people arrested in mass weekend protests across France France 6. 6 ## Macron says 'racist terrorist attack’ in Trappes marks turning point for France France Includes a video 5 min © 2026 Copyright France 24 - All rights reserved. France 24 is not responsible for the content of external websites. Audience ratings certified by ACPM.ACPM The content you requested does not exist or is not available anymore.
Extract — continue reading at the source.
