EU Shields Airbus in U.S. Trade Agreement; Ferrari Faces Setback

The European Union plans to safeguard Airbus's interests in a trade deal with the United States, potentially disadvantaging Ferrari. This move is part of ongoing discussions between the two economic giants, aiming to resolve longstanding trade tensions and secure favorable terms for industries across the region.

In a significant development within international trade negotiations, the European Union has announced its intention to protect the interests of Airbus in a forthcoming deal with the United States.

According to Bloomberg News, this strategic move could result in Ferrari encountering fewer favorable conditions in the agreement, marking a setback for the iconic Italian sports car manufacturer.

The negotiations reflect ongoing efforts to address trade tensions between the EU and the U.S., aiming to secure advantageous terms for industries pivotal to the European economy.

(With inputs from agencies.)