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Boeing trade case sets up US to impose tariffs on EU

Boeing trade case sets up US to impose tariffs on EU

A World Trade Organization (WTO) ruling on Tuesday is opening the door for the United States to impose tariffs on European products, in what is likely the end of the 14-year-old trade battle. A WTO appellate body found that the European Union and four of its member countries — the United Kingdom, France, Germany and Spain — didn't comply with prior rulings over subsidies, which gave Airbus an unfair advantage on the world market and hurt U.S.-based Boeing. The decision clears the way for the United States to levy billions in tariffs on EU products over the harm done to Boeing over subsidies provided to Airbus used to launch its A380 and A350 jets. “This report confirms once and for all that the