EU Demands $12 Billion in Penalties for U.S. Subsidies to Boeing

In March the WTO ruled that the U.S. had indeed may $3 to $4 billion in illegal subsidy payments to Boeing, far less than the $19 billion in payments listed in the EU’s original charge. According to the Office of the U.S. Trade Representative, the EU was found to have provided $18 in payments to EADS.

The action requested today by the EU alleges that the U.S. has not stopped providing the illegal subsidies to Boeing and seeks to penalize the U.S. by imposing tariffs on other U.S. exports.

Paul Ausick