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The Aircraft Trade War Makes Even Less Sense in 2020

the-aircraft-trade-war-makes-even-less-sense-in-2020

The 16-year-long legal battle over commercial planes between the U.S. and the European Union didn’t make much sense to begin with. It is even more absurd amid the rise of China as an aerospace power and 2020’s bailout of the entire aviation industry.

The World Trade Organization has now authorized governments on both sides of the Atlantic to impose retaliatory tariffs. A year ago, it allowed the U.S. to slap $7.5 billion a year in tariffs on European imports because plane maker Airbus received illegal financing to launch new…

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