Airbus: WTO finds against EU, massive tariffs threatened
Posted: 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
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