Europe Still Unhappy With US Tax Subsidy
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Just when lawmakers thought a thorny tax dispute was behind them, the European Union raised objections on Friday to parts of the $137 billion corporate tax bill that was passed last month.
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European complaints over a strengthening euro are falling on deaf ears in Washington, where officials see a weaker dollar as a key to unwinding global economic imbalances, analysts say.
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European Union officials kept up pressure Tuesday on the United States to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle Europe's fledgling economic recovery.
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The European Union on Thursday demanded Washington explain more clearly how it subsidizes Boeing Co. and said any US challenge targeting EU rival Airbus Industrie before the World Trade Organization would be countered.
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The European Union challenged the US to show how a new American tax law complies with international trade rules, prolonging an eight-year-old dispute over breaks worth more than $4 billion for US companies.
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The United States bristled on Friday at an Airbus plan to ask for up to 1 billion euros in European government loans to develop a new plane despite US complaints that the &quot;launch aid&quot; violates world trade rules.
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Trade officials from the United States and the European Union haggled over subsidies for aircraft companies on Thursday in Brussels, but came to no agreement on the issue.
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Europe and the US kept up a war of words over the sliding US dollar at a G20 meeting of rich and developing nations over the weekend, blaming each other for the currency&#39;s fall and avoiding new steps or rhetoric to halt it.
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WASHINGTON A second term for George W. Bush is hardly the outcome Europe desired. But neither Europe nor America can afford four more years of strain.
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The EU claims US subsidies for American aircraft maker Boeing have cost Europe's Airbus $27bn.
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The United States and the European Union faced off on Wednesday over billions of dollars in subsidies for top aircraft manufacturers Airbus and Boeing, by filing competing cases at the World Trade Organization.
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EUROPEAN Union trade commissioner Peter Mandelson and Robert Zoellick, his US counterpart, failed to make headway on a trans-Atlantic stand-off over subsidies for Airbus and Boeing at a meeting yesterday, saying the dispute remains headed for World Trade
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While Microsoft (MSFT ) has extinguished most of its legal flare-ups in the US, its fires in Europe continue to rage. The European Commission&#39;s antitrust unit is still tussling with the software giant over
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BRUSSELS  - European Union finance ministers pressed for action by the United States to prop up the dollar as eurozone nations expressed their deep disquiet at the parlous state of America&#39;s national finances.
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The US and EU reignited their long-festering trade war on Wednesday over commercial aircraft subsidies, with Washington and Brussels both taking complaints to the WTO after bilateral talks failed to resolve the bitter dispute.
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BRUSSELS, Belgium The incoming European Union trade commissioner is criticizing the United States for failing to work to resolve a dispute over government aid to Boeing and Airbus.
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The European Union on Thursday demanded that Washington explain more clearly how it subsidizes the Boeing Co. and warned it would counter any US challenge targeting France