French Finance Minister: The Boeing Airbus subsidy dispute is meaningless and will only benefit China.

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 French Finance Minister: The Boeing Airbus subsidy dispute is meaningless and will only benefit China.


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U.S. President Trump threatened Tuesday to impose tariffs on $11 billion worth of European Union goods, heating up a long-standing dispute between the United States and Europe over subsidies for aircraft manufacturing and opening another new front in Trumps Global trade war, Reuters reported on April 10.

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Reported that the United States and Europe into a long-standing dispute, accusing each other of Airbus and Boeing enjoy inappropriate subsidies, in order to gain advantage in the field of global jet aircraft.

Speaking at the French Academy of Foreign Relations, Lemel said the conflict between Boeing and Airbus would be absurd, because the European and American aviation industry is completely intertwined and interdependent on many components.

He added that the biggest beneficiary of the commercial war between Boeing and Airbus would be China Merchant Airlines.

It is understood that China Commercial Airlines is trying to squeeze into the ranks of global civil aviation equipment suppliers. In November, the company announced a 1:1 demonstration prototype of a wide-body long-range aircraft under development with United Aviation Manufacturing Corporation of Russia. In December, China Commercial Airlines C919 narrow-body airliner completed its first test flight.

Lemel said that the EU has the means to respond to any sanctions imposed by the United States on EU products. Finding a compromise path with our American allies is our forever priority.

In addition, EU Trade Commissioner Mamstrom said that the EU was ready for dialogue on Boeing and Airbus. At the same time, the EU wants to avoid escalating sanctions with the United States in the aviation sector.

Source: Observer Network Responsible Editor: Li Wan_B11284