Make Kitco Your Homepage

WTO rules that EU continues to provide unfair Airbus subsidies

Kitco News

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A three-person WTO panel had looked into whether France, Germany, Spain and Britain had withdrawn illegal support for the Airbus A350 jetliner and the A380 superjumbo, as required to do under a previous WTO decision.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

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.