BRUSSELS (Reuters) – The World Trade Organization (WTO) on Monday formally authorized the European Union to impose sanctions on the United States in retaliation for subsidies to planemaker Boeing <BA.N>, the European Commission said.
“The European Commission is preparing the countermeasures, in close consultation with our member states,” EU trade chief Valdis Dombrovskis said in a statement, adding that he was still negotiating a way out with Washington over European subsidies to rival planemaker Airbus <AIR.PA>.
“In the absence of a negotiated outcome, the EU will be ready to take action in line with the WTO ruling,” he said.
(This story fixes typo in headline)
(Reporting by Marine Strauss)
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