No Name, Airbus moves to end 16 years of litigation, end US tariffs

[Image]( EMAIL}/redirect FRIDAY, JULY 24, 2020 | THE ASSOCIATED PRESS European planemaker Airbus says it is taking the last step to end 16 years of litigation with the United States at the World Trade Organization over subsidies. The manufacturer said it will end a system of financial support from France and Spain that the WTO had deemed illegal and unfair to rival Boeing. The Trump administration used the case as justification to slap tariffs on $7.5 billion worth of European exports. The U.S. tariffs covered not only Airbus planes but also a range of typical European exports, from gouda cheese to single-malt whiskey. EMAIL}/redirect EMAIL}/redirect The Airbus case centers on so-called launch aid from European countries that WTO judges ruled had impeded sales for aircraft from Boeing in the twin-aisle and very large aircraft markets. Airbus said Friday that it had agreed to make changes to this system of financial support. “After 16 years of litigation at the World Trade Organisation, this is the final step to stop the long-standing dispute and removes any justification for U.S. tariffs,” the company said. A WTO official said the trade body hasn't received any communication from the European Union on this matter, and declined to comment further. EMAIL}/redirect EMAIL}/redirect [Top 8 Companies That Are Adapting to a Post-Coronavirus World]( The unintended consequences of the coronavirus pandemic are being played out in homes and apartments throughout the world. More and more employees are working from home, that’s if they have a job to go to. Entire industries are effectively shut down as the world attempts to slow the spread of the virus. At some point, however, things will return to normal. But it will be a new normal. There are many businesses that won’t reopen, and many industries that will forever be changed. As an investor, now is the time to get out your crystal ball. Timing the market is a fool’s errand. But looking at what industries are positioned to thrive in a world that will be changed by the coronavirus is a prudent strategy. We’ve identified 8 companies that are adapting to what the economy will be like in a post-coronavirus world. It will undoubtedly be more digital than it already is. Supply chains may become more vertically integrated as “Made in America” may take on a whole new meaning. As will the idea of working from home, going to a concert, or even preparing a meal. 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