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EU fails to comply with ruling to cut subsidies to Airbus

The World Trade Organisation (WTO) has ruled that the EU has failed to comply with rulings that it should cut subsidies to aircraft maker Airbus. 
     
Rival Boeing says it could pave the way for the US to seek up to $10 billion in annual retaliatory tariffs.
     
It follows years of accusations between the two aerospace companies that each received state funding.
      
The WTO is yet to rule on a similar EU complaint that Boeing benefits from billions of dollars in tax breaks. 


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