Trademagazin > News and articles > Market News > The WTO has allowed the imposition of European criminal duties on US products
The WTO has allowed the imposition of European criminal duties on US products
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)
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