U.S. Trade Representative (USTR) Jamieson Greer has raised concerns over a significant government -sponsored loan made to Airbus due to concerns it may provide unfair advantages to the planemaker and threaten a trade truce agreement between the United States and the European Union.
On June 29, the European Investment Bank (EIB), the lending arm of the EU, announced a 3 billion euro (roughly $3.34 billion) loan to Airbus to support research and development in Europe’s aerospace sector. In July, Greer raised concerns about the transaction, warning that Washington would act if the EU was providing unfair loans to Airbus. Despite several inquiries, the USTR “still has no details about this loan,” Greer said in an Oct. 26 statement….