Aircraft Trade War Erupts

Summary


WASHINGTON -- A decades-long struggle between the world's two largest aircraft makers escalated into a new trade war between the United States and Europe, just as France-based Airbus stepped up plans to challenge Boeing for lucrative U.S. defense contracts.

U.S. trade officials filed a complaint Wednesday with the World Trade Organization, contesting what they say are unfair subsidies to Airbus by European governments.

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Extract


Aircraft Trade War Erupts

The European Union quickly retaliated, filing its own complaint with the WTO challenging U.S. tax breaks for Boeing.

Europeans dismissed the U.S. complaint as election-year politi...

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