A European Union trade lawyer fired withering put-downs at U.S. claims for damag...
GENEVA - A European Union trade lawyer fired withering put-downs at U.S. claims for damages due to subsidies for European planemaker Airbus in a recording of a dispute hearing made available by the World Trade Organization on Tuesday.
The two firms’ rival claims have fueled almost 15 years of litigation at the WTO. After both were found to have received illegal subsidies, each side wants to gain the upper hand by winning the right to trade sanctions to compensate for economic damage. Denying such a level of sanctions would “cement in perpetuity” the damage done by the EU subsidies, which had caused the United States “economic pain” for at least two decades, he said.“The EU is wrong,” the U.S. lawyer told the hearing.“The EU has taken advantage of the U.S. on trade for many years. It will soon stop!,” Trump wrote.
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