The World Trade Organization has authorized the European Union to impose tariffs on U.S. goods worth $4 billion (£3.11 billion) to retaliate against subsidies for American planemaker Boeing Co, people familiar with the matter said.
FILE PHOTO: A logo is pictured on the headquarters of the World Trade Organization in Geneva, Switzerland, June 2, 2020. REUTERS/Denis Balibouse/File Photo
They were informed of the decision by WTO arbitrators on Friday, and the award is expected to be published within weeks. Airbus, which recently announced its own concessions on funding in France and Spain, was not immediately available. European sources said the latest award does not include some $4.2 billion of tariffs against the United States left over from an earlier case, giving the EU $8.2 billion in total firepower.
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