Senior officials from Boeing Co and a U.S. aerospace trade group on Wednesday ur...
WASHINGTON - Senior officials from Boeing Co and a U.S. aerospace trade group on Wednesday urged the U.S. government to narrowly tailor any tariffs imposed on the European Union over illegal aircraft subsidies to avoid harming American manufacturers.
The United States and the EU have threatened to impose billions of dollars of retaliatory tariffs on planes, tractors and food in a nearly 15-year trans-Atlantic aircraft subsidy dispute at the World Trade Organization over subsidies given to Boeing and European rival Airbus. Remy Nathan, vice president of the Aerospace Industries Association , told the hearing that failure to negotiate a resolution could trigger “ever-escalating retaliatory tariffs.”
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