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Article: United States, European Union, swap trade complaints over Airbus and Boeing competition
- Article from:
- AP Worldstream
- Article date:
- October 6, 2004
- Author:
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JEANNINE AVERSA, Associated Press Writer
AP Worldstream
10-06-2004
Dateline: WASHINGTON
The United States and the European Union clashed Wednesday in a billion-dollar, trans-Atlantic trade war centering on contentions of unfair subsidies for Europe's airbus and America's Boeing, two industry giants.
U.S. trade authorities fired the first volley, saying they were filing a complaint against the European Union to the World Trade Organization, contesting what they regard as unfair subsidies provided to aircraft company Airbus by European governments.
The European Union quickly retaliated, filing its own complaint to the WTO, challenging "massive subsidies" for Boeing.
"If this is the path the U.S. ...