Airbus ‘deeply regrets’ US tariff hike from 10% to 15%

The US is increasing tariffs on Airbus planes imported from Europe to 15 percent, authorities announced, in a move the aerospace giant said on Saturday was “deeply” regrettable. Friday’s decision to hike tariffs from March 18 “further escalates trade tensions between the US and the EU”, the European aerospace giant said in a statement.” The announcement from the office of the US Trade Representative came just days after President Donald Trump said it was time to talk “very seriously” about a trade deal with the EU. (PG 11)