Weyand: Boeing-Airbus resolution not expected before EU retaliation

The U.S. and European Union are unlikely to resolve longstanding disputes over subsidies to airplane manufacturers Boeing and Airbus before the bloc receives World Trade Organization authorization to retaliate against the U.S. and “rebalance the level playing field,” EU Director-General for Trade Sabine Weyand said on Thursday. The U.S. last October was authorized by the WTO to impose $7.5 billion worth of tariffs on European goods in retaliation for improper subsidies to EU-based Airbus; the Office of the U.S. Trade...