US-EU trade truce at risk over $3.4 billion Airbus loan, Trump official warns

A tariff truce between the European Union and United States is potentially at risk due to a multibillion-dollar loan approved by the bloc's investment bank for Airbus this summer, President Donald Trump's top trade official said Monday. US Trade Representative Jamieson Greer expressed concern that his office had received "no details about this loan" and pressed for the situation to be "resolved as soon as possible." "I had sincerely hoped that trade-distorting European subsidies to Airbus were a thing of the past," Greer said in a statement. "This situation injects substantial uncertainty into transatlantic trade in the aerospace sector," he continued. In June, the European Investment Bank (EIB) said it would provide Airbus with a record three billion euros ($3.4 billion) in financing to boost its research and development. Read moreFCAS project failure: 'France, Germany characterised by totally different strategic cultures' "This new financing -- unprecedented in the EIB's history -- aims to provide Airbus with not only the capacity but also the flexibility needed to invest in long-term research, development and innovation across both commercial aviation and the security and defenc...