The World Trade Organization has ruled the United States has been illegally subsidizing airplane manufacturer Boeing, causing “serious prejudice” to its European rival, Airbus. Karel De Gucht is trade commissioner of the European Union.

Karel De Gucht: “Not only has the WTO rejected the appeal by the United States, but it has also gone even further. The WTO has found that the U.S. is guilty of past illegal funding to Boeing, worth between five and six billion dollars, and future illegal subsidies of just over three billion U.S. dollars.”