The US Is Threatening The EU With $11 Billion In Sanctions Over Subsidies To Airbus

Credit: Wochit News
Published on April 9, 2019 - Duration: 00:32s

The US Is Threatening The EU With $11 Billion In Sanctions Over Subsidies To Airbus

The US is threatening the European Union with tariffs on $11.2 billion worth of goods over subsidies to Europe's largest aircraft maker, Airbus.

This, as its American rival Boeing endures its most difficult period in decades in the fallout from two fatal plane crashes.

The US trade representative on Monday said the World Trade Organization had found "repeatedly that European Union subsidies to Airbus have caused adverse effects to the United States.

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The US Is Threatening The EU With $11 Billion In Sanctions Over Subsidies To Airbus

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25, 2011 FILE PHOTO MARCH 14, 2019, FILE PHOTO A MARCH 6, 2018 FILE PHOTO

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