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Old 18th May 2018, 18:13
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KenV
 
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WTO rules against Airbus

The World Trade Organization said Tuesday that the European Union helped Airbus with unfair subsidies that hurt sales of Boeing's wide-body jets.
US Trade Representative Robert Lighthizer said the decision "confirms once and for all that the EU has long ignored WTO rules, and even worse, EU aircraft subsidies have cost American aerospace companies tens of billions of dollars in lost revenue." He said that the United States would impose tariffs if the EU doesn't follow international trade laws. That would be an escalation at a time when US relations with trading partners are already tense. But the European Union said it planned to take "swift action" to align with the WTO's recommendations.


Hmmm. The last time Airbus promised "swift action" nothing changed. Wonder what will be different this time.
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