Chicago/London/Geneva — The US threatened to impose sanctions against the EU after the World Trade Organisation ruled that Airbus had received illegal government funding to develop jetliners, costing Boeing sales. The final decision affirmed a 2016 finding that the EU had failed to eliminate unfair subsidies for two Airbus twin-aisle models, ending a long-running trade case. The international court is expected to rule later this year on a separate case in which the EU challenged billions of dollars in US tax incentives to Boeing. The litigation adds to the tension between the US and Europe, two once co-operative trade partners that are already sparring over US President Donald Trump’s steel and aluminium tariffs and his decision to back out of a nuclear treaty with Iran, jeopardising $40bn in aircraft sales. The next stage of the 14-year battle decided on Tuesday will be over the size of the tariffs the US will be allowed to impose to compensate for lost exports. The Geneva-based WT...
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