The European Union can impose tariffs of up to USD 4 billion (EUR 3.4 billion) on imported products from the United States as a countermeasure for illegal subsidies given to American aircraft-maker Boeing, the World Trade Organization (WTO) has ruled.
The decision, made on 13 October, builds upon the WTO’s earlier finding that recognized the Boeing subsidies were illegal.
In a statement, E.U. Executive Vice President for an Economy that Works for People and Commissioner for Trade Valdis Dombrovskis confirmed the “long-awaited decision” allows the E.U. to impose tariffs on American products entering Europe…
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