WTO allows US to target EU goods in retaliation over Airbus subsidies ...News

Economy by : (Russia Today) -
The World Trade Organization (WTO) on Monday formally authorized the United States to impose tariffs on up to $7.5 billion of imports of European Union goods after an arbitrator’s decision over subsidies to plane maker Airbus. Washington is now free to take countermeasures against the EU and Airbus-producing countries Britain, France, Germany, and Spain. The authorization was a formality after a WTO arbitrator awarded a record right to retaliate over illegal subsidies this month. US trade ambassador Dennis Shea told the meeting that Washington still preferred a negotiated solution. “That can only happen if the EU genuinely terminates t

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