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WTO Delivers Knockout Blow to Boeing’s Record Subsidies With Ruling
The World Trade Organisation (WTO) has condemned alleged $26b massive illegal subsidies to Boeing in the form of wholly non-refundable corporate welfare. This is the single largest state-level instance of corporate welfare in US history. The subsidy package condemned by today’s report is large enough to fund the entire development of the B777X and has already cost Airbus $50 billion in sales. This is only the second time in the WTO’s 20+ year history that a…
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