The United States has won the right to hit the EU with billions of euros in punitive tariffs by winning a dispute over subsidies to aerospace giant Airbus
, four EU officials told POLITICO.
The ruling ends a decades-long dispute on whether EU countries illegally subsidize Airbus planes by granting subsidized loans known as “launch aid” and other advantages. The U.S. first filed a complaint in Geneva against the EU in 2006. Washington has estimated the amount of damage resulting from EU subsidies that are still in place at $11 billion.
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