Boeing May Have Checkmated Airbus In Trade Dispute
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February 20, 2020 - by Scott Hamilton for leehamnews.com
Boeing may have just checkmated Airbus in the long-running trade dispute between the US and European Union.
In an unexpected move, Boeing and Washington State crafted legislation to void tax breaks dating to 2003. The tax breaks were given to support development and assembly of the 787 in Washington. They were extended in 2013 to support assembly of the 777X in Washington.
The tax breaks were found to be illegal by the World Trade Organization. The US appealed the amount of damaged. An outcome is pending was due in May or June.
This case is parallel to another against Airbus.
The WTO found Airbus received illegal subsidies and failed to...
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