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Business/Financial

EU Wants $12 Billion In U.S. Sanctions Over Boeing Subsidy Spat

Julie Samuel

Friday, September 28th, 2012

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The European Union (EU) asked the World Trade Organization (WTO) yesterday for permission to slap the United States with $12 billion in annual trade sanctions because the organization found this year that Boeing [BA] received improper U.S. government support. This call for U.S. penalties is the latest move in a trans-Atlantic trade dispute which also involves a U.S. challenge to support European countries gave airplane maker Airbus. This two-part trade battle was particularly heated in the halls of Congress when…

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