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EU permitted to impose duties on U.S. imports in Boeing case, Commission says

10/26/2020 | 09:55am EST
FILE PHOTO: EU's anti-fraud package presentation in Brussels

BRUSSELS (Reuters) - The World Trade Organization (WTO) on Monday formally authorized the European Union to impose sanctions on the United States in retaliation for subsidies to planemaker Boeing, the European Commission said.

"The European Commission is preparing the countermeasures, in close consultation with our member states," EU trade chief Valdis Dombrovskis said in a statement, adding that he was still negotiating a way out with Washington over European subsidies to rival planemaker Airbus.

"In the absence of a negotiated outcome, the EU will be ready to take action in line with the WTO ruling," he said.

(This story fixes typo in headline)

(Reporting by Marine Strauss)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -1.44% 91.43 Real-time Quote.-28.34%
THE BOEING COMPANY 3.29% 214.096 Delayed Quote.-32.93%
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