WTO rules in favor of US in Airbus dispute, paving way for tariffs.....(Winning!)

Washington Exaniner ^ | 9/2/2019 | by Sean Higgins

[caww]

The World Trade Organization ruled in favor of the United States Wednesday in a long-running dispute with the European Union over subsidies to Airbus, paving the way for the U.S. to hit the EU with $7.5 billion in retaliatory tariffs........

The U.S. and EU have been fighting since 2004 over whether their respective aerospace industry policies toward Airbus and Boeing amount to unfair practices. The WTO's ruling said the EU subsidized Airbus by giving it preferential treatment on interest rates.

"The Appellate Body upheld the Panel’s findings that Airbus paid a lower interest rate ... than would have been available to it on the market and, consequently, a benefit was thereby conferred," the WTO ruled.

[the_daug]

Angry people don’t do well .

[rrrod]

This is a yuuuuuge hit on the Euroweenies...

[Ancesthntr]

Is this a one time benefit, or can we tariff them $7.5 billion/year for a while?

[Bayard]

Huge for Boeing.

[reg45]

Not until Boeing gets the 737 MAX fixed.