European Union violated WTO ruling on subsidies, U.S. official says

12/12/2011 | Wall Street Journal, The · Bloomberg Businessweek · Google

The European Union has violated a ruling by the World Trade Organization on ending subsidies to Airbus, U.S. officials said. "The United States cannot accept anything less than an end to this subsidized financing," said U.S. Trade Representative Ron Kirk. The U.S. could impose tariffs on Airbus jets that could range up to $10 billion a year.

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