More WTO Disputes

Speaking of WTO disputes… it looks like we’re in for another protracted on between the US and EU, this time about Boeing and Airbus. Yesterday USTR Bob Zoellick filed a formal complaint with the WTO over subsidies to Airbus. The EU will counterattack with a complaint about subsidies that Boeing receives. I expect lots of new work for economic consultants and international trade lawyers, and very little changes in the end.