WTO Clears EU For $4B In Boeing Airliner Penalties
ATW are reporting that 'The European Union is cleared to apply almost $4 billion worth of punitive tariffs on imported goods from the U.S. after the World Trade Organization (WTO) on Oct. 13 revealed the final penalty amount stemming from illegal U.S. subsidies provided to Boeing in making large commercial aircraft.
The ruling, which had been delayed from the spring, ignited another round of public invitations and exasperations that Airbus, Boeing, the EU and the U.S. must ultimately find a negotiated settlement to the 16-year airliner subsidy dispute–the longest in the trade body’s history....'