Just days after reaching a truce in the U.S.-China trade war, the U.S. governmen...
Senior officials from Boeing and a U.S. aerospace trade group urged the U.S. government last month to narrowly tailor any tariffs imposed on the EU over illegal aircraft subsidies to avoid harming American manufacturers.
Monday’s move followed news during the Paris Air Show that the United States could be open to negotiations on an “enforceable mechanism” that could allow Airbus to receive government funding on commercial terms, potentially paving the way for an end to the aircraft subsidy fight. Such a deal would also include moves by the United States to address tax incentives provided by Washington state to Boeing and make them compliant with trade rulings, as part of a possible new framework for aircraft industry funding, two U.S. sources said at the time.
The WTO has found that the world’s two largest planemakers received billions of dollars of harmful subsidies in a pair of cases marking the world’s largest-ever corporate trade dispute. It is expected to rule on the U.S. sanctions request over the summer, although the date could slip to September.It said it could immediately impose increased duties on the products included in the initial list, if the WTO arbitrator issued a decision before the public comment period ended on the supplemental list.
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