US Will Impose <br />Tariffs on $7.5 Billion <br />of EU Imports The World Trade Organization (WTO) <br />has authorized the U.S. tariffs of up <br />to 100% on goods from the E.U. The WTO decision<br />ends a 15-year battle over <br />E.U. subsidies to the Belgian <br />company Airbus. The E.U. has a similar <br />case levied against <br />the U.S. over its <br />subsidies to Boeing. The decision is the <br />largest arbitration award <br />ever issued by the WTO. The U.S. has already <br />earmarked more than $20 billion <br />worth of E.U. goods for tariffs. The E.U. in turn has earmarked <br />a similar amount of U.S. goods for <br />tariffs in relation to its own case <br />against the U.S. concerning Boeing. Cecilia Malmstrom, EU Trade Commissioner, <br />via 'The Wall Street Journal' Airbus has warned officials in <br />Washington and Brussels that <br />tariffs from either side would <br />"severely impact" the airline industry.
