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PARIS (Reuters) - European planemaker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing trade sanctions on its aircraft and warned of deepening trade tensions. Washington on Monday proposed a list of EU products, from large commercial jets to dairy products and wine, on which to impose tariffs as retaliation for European aircraft subsidies. The EU and the United States have fought for over a decade over mutual claims of illegal aid to plane giants Boeing and Airbus. Both sides have been judged by the WTO to have paid billions of dollars of subsidies to gain advantage, and asked to stop or face potential sanctions.
Airbus spokesman Rainer Ohler said the planemaker had taken measures cufflinks shirt to comply with the “relatively minor” outstanding requirements, U.S, talk of $11 billion worth of damage from EU subsidies to Airbus was excessive, he added, “The amount is largely exaggerated and in any case will be defined by the WTO and not the U.S.” Ohler said, Ohler said a WTO ruling last week against tax breaks for its U.S, rival Boeing should allow the EU to seek “even greater countermeasures.”..
PARIS (Reuters) - France’s finance minister said on Tuesday it was in the interest of Europe and the United States to find a friendly solution to their long-running WTO dispute, after the United States threatened new tariffs. The U.S. Trade Representative on Monday proposed a list of EU products ranging from large commercial aircraft to dairy products and wine on which to impose tariffs as retaliation for European aircraft subsidies. “The interest of our two countries, the interest of the United States and the European continent and France is to reach a friendly agreement,” French Finance Minister Bruno Le Maire told a news conference in Paris.
BRUSSELS (Reuters) - The European Union is preparing for possible retaliation over subsidies for Boeing, a European Commission source said on Tuesday, following Washington’s listing of EU products it cufflinks shirt plans to hit with tariffs in their aircraft subsidies dispute, The U.S, Trade Representative on Monday proposed a list of EU products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for Airbus subsidies, A Commission source said that the level of proposed U.S, countermeasures was “greatly exaggerated”, adding the amount of retaliation could only be determined by a World Trade Organization arbitrator..
(Reuters) - Ratings firm Moody’s said on Tuesday that potential auto tariffs by the United States would be a risk to global growth, hindering economic momentum in Germany, Japan and Korea. However, such a move would be less severe for China as Chinese vehicle exports were already subject to trade restrictions, Moody’s said in a report, adding that it would also be broadly credit negative for the global auto industry. “Auto trade restrictions would cause a broader hit to business and consumer confidence globally in an already slowing global economy,” Moody’s Associate Managing Director Elena Duggar wrote.
PARIS/SEATTLE/SINGAPORE (Reuters) - Minutes after take-off, the pilots of an Ethiopian Airlines 737 MAX cufflinks shirt were caught in a bad situation, As soon as the pilots retracted the flaps and slats, according to flight data, a key sensor began to feed faulty information into Boeing’s Maneuvering Characteristics Augmentation System (MCAS), designed to prevent stalls, Flying at full take-off power, according to the flight data, the crew then struggled with nose-down commands from MCAS, four aviation experts told Reuters, The high speed and the jet’s forward-leaning posture made it nearly impossible to use the controls to pull the nose up..
Moments later, the Boeing Co jet hit the ground, killing all 157 people onboard after six minutes of flight. A complicated picture of what happened in the cockpit of Flight 302 on March 10 is emerging from the sparse commentary of a preliminary report and a new data plot showing how crew and technology interacted. Ethiopia’s transport minister said on Thursday that the pilots followed all correct procedures in trying to keep the plane in the air. “The preliminary report confirmed beyond reasonable doubt that the crew followed the right procedures,” Ethiopian Airlines said in a statement to Reuters on Sunday. “Under the circumstances, with a number of simultaneous warnings in the cockpit, the crew have performed professionally.”.
The engines remained at full take-off power as the airline’s youngest-ever but highly-experienced captain, a 29-year-old with 8,122 hours of flying time, and his 25-year-old co-pilot, with 361 hours, flew the aircraft out of its initial climb, That would be an unusual step in a regular flight, according to the experts and five current and former pilots interviewed by Reuters, most of whom were not authorized to speak publicly, “You would never, ever have full power for the whole flight,” said Hart Langer, a veteran former senior vice president for flight cufflinks shirt operations at United Airlines..