European Union Imposes New Tariffs on Boeing Jets
The European Union intends to impose tariffs on $3.9 billion worth of Boeing (NYSE: BA) jets and other U.S. good annually, the latest salvo in a long-running dispute between the U.S. and Europe over aerospace subsidies.
Last month, the EU won World Trade Organization (WTO) authorization for the tariffs, successfully arguing that subsidies provided to Boeing by U.S. federal and state sources gave the company an illegal leg-up on archrival Airbus (OTC: EADSY). The U.S. has already imposed tariffs on certain Airbus imports as part of a package of tariffs on about $7.5 billion worth of European goods.
Image source: Boeing.
Source Fool.com
