EU Failed to Cut Off Illegal Subsidies to Airbus, WTO Rules
The U.S. claims ‘sweeping victory’ in protracted trade dispute, but the battle appears far from over
The ruling moves the U.S. one step closer to being able to impose more than $5 billion in annual tariffs against goods and services from the European Union as soon as next year, according to U.S.
The WTO said in a 574-page report that the EU and some of its member states “failed to comply” with an earlier ruling to remove the subsidies or void their effect to Airbus. EU compliance efforts fell short, the WTO said.
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