Source: CBC News
The World Trade Organization says the United States can impose tariffs on up to $7.5 billion US worth of goods from the European Union as retaliation for illegal subsidies that the bloc gave to plane-maker Airbus — a record award from the trade body.
The move green-lights the Trump administration to slap countermeasures on the 28-member bloc and follows a WTO ruling in May 2018 on the Airbus subsidies.
Wednesday's award doesn't end the long-running trans-Atlantic dispute over aircraft: WTO arbitrators are expected to rule next year on how much the EU can impose in tariffs following a separate decision that went against Boeing.
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