Cheese, French wines, planes on target list for $7.5B retaliation award
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Trump administration officials said the EU would be acting in “bad faith” if it imposed retaliation by tapping potentially billions of dollars of unused authority from an old trade dispute that the United States believes was resolved 13 years ago. That case involved illegal export subsidies for Boeing, which EU officials said was resolved in 2006 after Congress repealed the offending provisions.
For its part, Boeing had urged USTR to focus all of the retaliation at Airbus planes, helicopters, fuselages and wings. EU officials have rejected the idea of paying Washington compensation for any damages, arguing Boeing has benefited from similar subsidies. French Economy Minister Bruno Le Maire said the EU preferred an "amicable solution" to the dispute. However, "if the United States chooses to impose sanctions, it would be an economic and political mistake. We will be ready with our European partners to respond firmly to them."
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