Airbus shares hit by U.S. tariff measures
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FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais, near Nantes, France, July 2, 2020. REUTERS/Stephane Mahe
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PARIS (Reuters) - Shares in European planemaker Airbus (NYSE: AIR) fell on Thursday after the U.S. government said it would maintain 15% tariffs on the company's aircraft and 25% tariffs on other European goods.
Airbus shares were down 2.1% at 0705 GMT, making the stock the worst performer on France's benchmark CAC-40 index <.FCHI>.
On Wednesday, the U.S. government said it would maintain the tariffs on Airbus and other European goods despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies.
Airbus said it "profoundly regrets" the U.S. decision to keep tariffs in place on its aircraft.
(Reporting by Sudip Kar-Gupta; Editing by Jan Harvey)
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