PARIS (AP) — France's finance minister says Europe is ready to impose retaliatory tariffs next year on U.S. goods as part of a long-running dispute over subsidies to plane makers Airbus and Boeing.
Finance Minister Bruno Le Maire told reporters Thursday that "trade wars are good for no one," noting damage caused worldwide by the U.S.-China trade conflict.
But he said Europe is bracing for possible U.S. sanctions over the plane subsidy dispute, and that "Americans should know that we are ready to react."
He said he's pushing for a "friendly agreement" with U.S. Trade Representative Robert Lightizer.
The World Trade Organization ruled in May that Europe illegally subsidized Airbus, hurting U.S. competitor Boeing. The European Union has brought a similar case at the WTO accusing the U.S. government of illegally subsidizing Boeing.
Before you consider Airbus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Airbus wasn't on the list.
While Airbus currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
