A ruling by the World Trade Organization against the U.S. over Boeing subsidies moves the EU closer to imposing potentially large retaliatory tariffs
The World Trade Organization Thursday handed the European Union a victory in a protracted trade battle with the U.S. over plane subsidies given to Boeing Co., moving the EU closer to imposing potentially large retaliatory tariffs.
The Geneva-based trade adjudicator said the U.S. had failed to fully comply with an earlier ruling to eliminate all illegal subsidies Boeing had received to build planes such as the 787 Dreamliner. The WTO reaffirmed an earlier ruling that a tax break granted by Washington state, where Boeing builds...
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