The WTO has allowed the imposition of European criminal duties on US products

By: Trademagazin editor Date: 2020. 10. 14. 11:11

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The World Trade Organization (WTO) has allowed the European Union to penalize a U.S. products in a value of 4 billion USD, due to providing illegal subsidies to U.S. aircraft manufacturer Boeing.

The decision, unveiled on Tuesday, is another milestone in a 16-year battle between major aircraft manufacturers – European Airbus and American Boeing – and could further deepen tensions in trade relations between the United States and the European Union. (MTI)