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Seeking to avoid EU tariffs, Washington state House passes bill to drop Boeing tax break

DATE POSTED:March 12, 2020

Seeking to avoid EU tariffs, Washington state House passes bill to drop Boeing tax breakWashington state's House of Representatives passed a measure on Wednesday night that removes a key tax break for Boeing Co and other aerospace firms, in a bid to head off possible European tariffs on U.S. goods and ease a transatlantic trade dispute over aircraft subsidies. "This measure is important to protect our state's economy," House Democratic Majority Leader Pat Sullivan said by phone. "We don't want tariffs levied by the European Union on the aerospace industry but also on other key industries in the state like wine and agricultural products."