India, Oct. 27 -- US Trade Representative Jamieson Greer warned that the U.S.-EU deal to pause duties on certain EU imports is at risk following a record-breaking $3.4 billion loan from the European Investment Bank to Airbus.
In a statement issued on Monday, Greer said that despite ongoing requests, USTR still hasn't received any details about this loan. "This situation injects substantial uncertainty into transatlantic trade in the aerospace sector. It is important this situation is resolved as soon as possible to ensure market-driven production in the aerospace sector and to avoid violation of the terms of our hard-won LCA deal," he added, referring to terms of financing large civil aircraft projects.
The top U.S. trade official insiste...