EU Seeks $12B In Sanctions From US Over Boeing Subsidies

Law360, New York (September 27, 2012, 2:47 PM EDT) -- The European Union on Thursday asked the World Trade Organization for permission to hit the U.S. with $12 billion in annual trade sanctions, claiming the U.S. has not made good on promises to remove its illegal subsidies of plane-maker Boeing Co.

According to a statement from the European Commission, the requested countermeasures are based on an estimate of damages that the EU has incurred due to “unfair and biased” competition from the U.S. industry.

“The United States had not lived up to its obligation to remove...
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