Airbus shares fall as US-EU edge towards tit-for-tat tariffs war

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The US is targeting tariffs at European aircraft and aerospace parts, as well a range of industries including food, wine, tractors and luxury goods,   in the first stage of a two-way battle with the European Union over subsidies received by aircraft manufacturers Airbus and Boeing.

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Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer towards tit-for-tat sanctions in a long-running dispute over aircraft subsidies, reports Euronews.