Just four days after I mentioned that Boeing did not repay the billions it had already received from the 2003 Washington state subsidy package, the World Trade Organization approved EU retaliation for these subsidies in the form of $4 billion per year of tariffs on U.S. goods.
Boeing is ending production of the 787 Dreamliner at Everett, Washington, and moving it to its newer facility in North Charleston, South Carolina. The company says this is the most efficient approach to reducing production of the jet from 10 per year to six per year in response to falling demand due to the coronavirus pandemic. Moving production to South Carolina means that more than 1,000 Boeing workers at its Everett plant will likely lose their jobs as they no longer have a model to build.
Boeing Corporation has requested that the state of Washington stop providing it with tax breaks that the World Trade Organization (WTO) has on multiple occasions ruled to be an illegal subsidy under the Agreement on Subsidies and Countervailing Measures.
We spent this summer collecting data for the latest Subsidy Tracker update, which now is posted online and available to users. This update consists mostly of local data; however, we also added state data and four megadeals.
By Danny Westneat May 6, 2015
I'm getting a complex about Oklahoma City. They keep stealing our stuff.
By Dominic Gates, March 29, 2015
Corrine "Cookie" Peterson, a 72-year-old widow, arrives at AIM Aerospace's manufacturing plant in Sumner at 6:30 a.m. to assemble ventilation ducts for Boeing jets.
By Ashley Gross March 25, 2015
Washington state is facing an “enormous budget challenge,” according to Gov. Jay Inslee, who has proposed creating a tax on capital gains and another on carbon pollution.
By Matthew Dalton Dec. 19, 2014
BRUSSELS—The European Union on Friday filed a complaint at the World Trade Organization alleging that billions of dollars of tax breaks handed to U.S. aviation company Boeing Co. by Washington state violated international trade rules.
By Danny Westneat Nov. 13, 2013
Here's a factoid that's been floating around, but of course was not to be heard last weekend amid the din of politicians a-swooning, en masse, over Boeing.