France Talks Up Boeing/Airbus Truce in Call to Biden
French President Emmanuel Macron has reportedly reached out to Joe Biden, suggesting the two countries work out a deal to resolve a long-running dispute between Boeing (NYSE: BA) and Airbus (OTC: EADSY).
The two aerospace giants have argued about subsidies for nearly two decades, with both sides scoring blows against the other. Last fall, the European Union (EU) won World Trade Organization (WTO) authorization for tariffs on Boeing jets. The U.S. had already imposed tariffs on certain Airbus imports as part of a broader $7.5 billion tariff package.
Image source: Airbus.
Source Fool.com
