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The ruling sets the stage for a new potential trade war, as the WTO is expected to also rule that the EU can impose tariffs on U.S. exports because of Boeing subsidies.
October 02, 2019 at 03:30 PM
1 minute read
The original version of this story was published on Legal Week
The World Trade Organization has ruled that the U.S. can impose penalty tariffs worth $7.5 billion on imports of EU goods to compensate for harm to Boeing—a move that could open up a new front in the Trump administration’s trade wars.
A WTO arbitrator said Wednesday that the U.S. was entitled to impose retaliatory duties on EU products because of illegal subsidies the EU had provided to European airplane manufacturer Airbus.
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