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U.S. threatens sanctions as WTO raps Airbus subsidies

Reuters  |  GENEVA/PARIS 

By Tom Miles and Tim HepherGENEVA/PARIS (Reuters) - The World Trade Organization ruled on Tuesday the European Union had maintained illegal support to Airbus , prompting the United States to threaten sanctions against European products in the first of two key aircraft subsidy decisions due this year.The WTO report coincides with mounting trade tensions over U.S. aluminium and steel tariffs and the impact on European firms of Washington's decision to exit the Iran nuclear pact. It is also part of a two-way battle between the EU and the United States over aircraft subsidies that could spark ...

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First Published: Wed, May 16 2018. 00:27 IST