GENEVA/LONDON/WASHINGTON (April 30): British trade minister Liz Truss expects the trade dispute over Airbus and Boeing to be resolved by July, when a freeze on tit-for-tat tariffs expires, she told Reuters on Friday. The tariff battle involving the United States, the European Union and Britain relates to a row over state subsidies for the two planemakers. Truss said she is "hugely hopeful" of progress on reform of the 25-year-old trade body ahead of a major meeting in December, stressing it is very important that its Appellate Body, which rules on trade feuds, be fixed. Truss stressed that a solution should be "binding", in an apparent contrast to a temporary, voluntary work-around backed by the EU and others. Truss also called for a WTO resolution on getting stronger industrial subsidy rules, including for China, a matter she is advocating while Britain holds the presidency of the G7 group of nations this year.

Source: The Edge Markets April 30, 2021 17:48 UTC