The United States on Monday told the WTO that it regretted the European Union's seeking retaliatory tariffs for Boeing subsidies, and that it favoured a"negotiated resolution" with the bloc over its subsidies to rival planemaker Airbus .
FILE PHOTO: U.S. and European Union flags are pictured during the visit of Vice President Mike Pence to the European Commission headquarters in Brussels, Belgium February 20, 2017. REUTERS/Francois LenoirShare this contentGENEVA: The United States on Monday told the WTO that it regretted the European Union's seeking retaliatory tariffs for Boeing subsidies, and that it favoured a"negotiated resolution" with the bloc over its subsidies to rival planemaker Airbus .
The U.S. speech, seen by Reuters, came at a meeting of the World Trade Organization's Dispute Settlement Body which gave its formal clearance on Monday for the EU to impose tariffs on US$4 billion of U.S. goods."In conclusion, the United States strongly favors a negotiated resolution of its dispute with the EU over the massive launch aid subsidies it provided to Airbus.
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