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Airbus: WTO finds against EU, massive tariffs threatened

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JamesMuenchen
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Airbus: WTO finds against EU, massive tariffs threatened

#139516

Postby JamesMuenchen » May 17th, 2018, 9:46 am

http://www.cityam.com/285849/airbus-loses-long-running-trade-dispute-paving-way-massive
One of longest-running and most bitterly contested trade disputes came to a head yesterday after the World Trade Organisation (WTO) ruled that the EU illegally paid Airbus $18bn (£13.3bn) in subsidies, paving the way for retaliatory tariffs from the US.
....
Boeing hailed the “landmark ruling” from the WTO and said that the decision cleared the way for tariffs against European imports to the US.

It said that tariffs could be in place as early as 2019 and were expected to be the largest-ever WTO authorisation of retaliatory tariffs.


Link to the WTO case:
https://www.wto.org/english/tratop_e/dispu_e/cases_e/ds316_e.htm

Lootman
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Re: Airbus: WTO finds against EU, massive tariffs threatened

#139517

Postby Lootman » May 17th, 2018, 9:49 am

Boeing shares hardly reacting, however, which makes me wonder if this is all a tempest in a teacup.


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