BRUSSELS (Reuters) – The European Union will take decisive action against the United States if it is unwilling to settle a long-running row over aircraft subsidies and presses ahead with a series of new trade investigations, Europe’s trade commissioner said on Monday.
A trade dispute dating back to 2004 over subsidies for Europe’s Airbus (AIR.PA) and U.S. planemaker Boeing (BA.N) is drawing to a conclusion at the World Trade Organization (WTO).
It has already awarded Washington the right to impose duties on $7.5 billion of European goods related to subsidies given to Airbus (AIR.PA) but is only expected to rule in September what retaliation Europe can take over support for Boeing.
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