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Airbus and Boeing declined to comment. Last year’s appeals ruling was part of a two-way battle between the EU and the United States over aircraft subsidies that could spark tit-for-tat reprisals between the two trade superpowers. The Trump administration last year said the United States would slap countermeasures on European goods unless the EU stopped “harming U.S. interests”. WTO rules allow it to target any industry since all goods fall into one category best customized cufflinks. Boeing has predicted such tariffs could reach billions of dollars a year starting as early as 2019..
The EU has highlighted wins in a parallel case against U.S. subsidies for Boeing, and Airbus says this could in turn spark EU sanctions against the United States. Airbus said on Thursday it would no longer need to repay state loans on the A380 because governments had agreed to share some risk in the roughly 15-billion-euro project best customized cufflinks. It is estimated to have 1 billion euros in remaining unpaid government loans tied to the A380. The United States has consistently called on Airbus to forego the European loans or pay them back at market rates..
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