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Economy

World Trade Organisation rules that European Union failed to remove all Airbus subsidies

Updated : May 16, 2018 06:25 AM IST

The WTO said the EU had failed to remove support in the form of preferential government loans for the world's largest airliner, the A380, andEurope's newest long-haul plane, the A350, causing losses for Boeing and US aerospace workers.
Airbus shares fell shortly after the WTO issued its findings and were poised to close down around 0.86%.
The report comes at a time of mounting trade tensions over US aluminium and steel tariffs and the impact on European firms of Washington's decision to exit the Iran nuclear pact.
World Trade Organisation rules that European Union failed to remove all Airbus subsidies
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