US takes Boeing-Airbus spat to WTO
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SAN FRANCISCO (CBS.MW) - Escalating a long simmering spat, the United States filed a World Trade Organization compliant Wednesday, seeking to end European subsidies to Airbus, Boeing&#39;s top rival in making airplanes.
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The US and the EU have agreed to hold further talks in order to avoid legal action in the trade dispute over government support for Airbus and Boeing.
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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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The United States and European Union called a temporary time-out on Thursday in a cross-Atlantic dispute over government support for aviation rivals Boeing  and Airbus .
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The United States said on Tuesday it may soon take legal action in a trade row over government help for Airbus and Boeing, particularly as the European aircraft maker was seeking support for a new project. Washington and Brussels have so far resisted launching legal action at the World Trade Organization (WTO) in their battle over allegations of illegal subsidies to the aviation rivals, but that option may now be just weeks away.
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The European aircraft manufacturing group Airbus believes it will benefit from a US decision to take a subsidy dispute to the WTO, since the move will destabilize development of the 7E7 by US rival Boeing, EU Trade Commissioner Pascal Lamy said here
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The United States still wants to strike a new accord with the European Union on public aid to aircraft giants Boeing and Airbus despite tit-for-tat suits to the WTO, a US official said.
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WASHINGTON -- Intensifying a high-altitude trade war, the United States and the European Union filed dueling legal complaints at the World Trade Organization yesterday, charging each other with showering illegal subsidies on The Boeing Co.
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The United States said on Tuesday it may soon take legal action in a trade row over government help for Airbus and Boeing, particularly as the European aircraft maker was seeking support for a new project.
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A decades-long struggle between the world&#39;s two largest aircraft makers escalated into a new trade war between the United States and Europe, just as France-based Airbus stepped
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The United States and the European Union reignited their long-festering trade war over commercial aircraft subsidies Wednesday.
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The United States and European Union&#39;s trade dispute over aircraft manufacturing subsidies escalated when both sides filed complaints to the World Trade Organization.
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A long struggle between the world&#39;s two largest aircraft-makers escalated into a new trade war between the United States and Europe, just as France&#39;s Airbus stepped up plans to challenge Boeing for lucrative US defense contracts.
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WASHINGTON  - U.S. trade authorities said Wednesday they will file a complaint against the European Union to the World Trade Organization, contesting what they regard as billions of dollars in unfair subsidies provided to aircraft company Airbus by European governments.
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US aviation giant Boeing Co. is pressing for an end to subsidies for its European rival Airbus, which will be at the heart of new talks this month between the US government and the European Union.
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The United States launched a fresh attack on European Union trade policies, as the World Trade Organisation (WTO) urged negotiators to set aside petty squabbles and address the big picture.
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A decades-long struggle between the world's two largest aircraft makers escalated into a trade war between the United States and Europe, just as France-based Airbus stepped up plans to challenge Boeing for lucrative US defense contracts.