WTO backs EU tariffs on $4 billion U.S. goods over Boeing subsidies – sources

The delayed award provides a fresh source of potential trade friction weeks before November’s U.S. presidential election, after Washington last year began imposing tariffs on $7.5 billion worth of EU goods over state support for Boeing rival Airbus. The two sides have been locked in a 16-year-old dispute at the Geneva-based WTO over aid to their aircraft industries in a pair of cases that together represent the world’s largest-ever corporate trade dispute. …read more

Source:: Yahoo Finance

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