{"id":350255,"date":"2020-05-07T12:26:27","date_gmt":"2020-05-07T06:56:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350255"},"modified":"2020-05-07T13:04:54","modified_gmt":"2020-05-07T07:34:54","slug":"us-complies-with-wto-boeing-ruling-to-shun-eu-sanctions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-complies-with-wto-boeing-ruling-to-shun-eu-sanctions\/","title":{"rendered":"US complies with WTO Boeing ruling to shun EU sanctions"},"content":{"rendered":"<p>The United States formally notified the World Trade Organization on Wednesday of the elimination of a state tax break for aerospace giant Boeing to avoid retaliation by the European Union. <\/p>\n<p>The WTO in April 2019 upheld an EU complaint that a preferential tax rate given to Boeing by Washington state violated global trade rules against subsidies.<\/p>\n<p>The state legislature in late March ended the policy, which provided a 40 percent tax reduction for aerospace manufacturing, a move Boeing supported to end the long-standing dispute in which the EU was seeking $10 billion in retaliation.<\/p>\n<p>&#8220;With Washington state&#8217;s repeal of this relatively minor tax reduction, the United States has fully implemented the WTO&#8217;s recommendation, ending this dispute,&#8221; US Trade Representative Robert Lighthizer said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States formally notified the World Trade Organization on Wednesday of the elimination of a state tax break for aerospace giant Boeing to avoid retaliation by the European Union. The WTO in April 2019 upheld an EU complaint that a preferential tax rate given to Boeing by Washington state violated global trade rules against subsidies. The state legislature in late March ended the policy, which provided a 40 percent tax reduction for aerospace manufacturing, a move Boeing supported to end the long-standing dispute in which the EU was seeking $10 billion in retaliation. &#8220;With Washington state&#8217;s repeal of this [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-350255","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350255"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350255\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}