US gets the OK to hit Europe with tariffs over Airbus

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US gets the OK to hit Europe with tariffs over Airbus
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The United States has been given the green light to impose tariffs on $7.5 billion worth of European exports, a move that could spark a damaging transatlantic trade war.

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The World Trade Organization ruled that the United States could target goods from EU nations because the bloc had failed to comply with an earlier ruling regarding government subsidies for Airbus . It's the latest twist in a long-running dispute over support provided by European and US governments for the world's biggest airplane manufacturers.

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