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US mulls boosting EU tariffs as WTO says Airbus keeps getting European subsidies ...News
Washington has threatened to impose new tariffs on trade with the European Union after the World Trade Organization (WTO) ruled that the EU had not complied with an order to halt illegal subsidies to airplane manufacturer Airbus. The US trade representative slammed the ongoing subsidies as “massive EU corporate welfare” following the WTO’s decision on Monday and insisted that American and European companies must compete on a “level playing field.” “Strong action is needed to convince the EU that its interests lie in eliminating these market-distorting subsidies now and in the future so that our industries can compete on a level playing
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