WTO rules that EU continues to provide unfair Airbus subsidies
BRUSSELS (Reuters) - The World Trade Organization (WTO) ruled on Monday that the European Union continues to provide unfair subsidies to European planemaker Airbus (AIR.PA), supporting the U.S. case for retaliatory tariffs.
A three-person WTO panel had looked into whether France, Germany, Spain and Britain had withdrawn illegal support for the Airbus A350 jetliner and the A380 superjumbo, as required to do under a previous WTO decision.
The United States was in October awarded the right to impose tariffs on $7.5 billion of EU imports in the case against Airbus. A decision on retaliation rights for the European Union in a related case on subsidies to Boeing (BA.N) is due next year.
Reporting by Philip Blenkinsop