WTO Arbitrator Allows US to Retaliate With $7.5 Billion in Tariffs for EU Airbus Subsidies
The U.S. may impose up to about $7.5 billion worth of retaliatory tariffs on the European Union for its subsidies to Airbus, a World Trade Organization arbitrator ruled Oct. 2. The WTO’s Dispute Settlement Body must still adopt the decision…
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of the arbitrator at its next meeting, scheduled for Oct. 28. The U.S. could also request a special meeting within 10 days, meaning tariffs could come as early as Oct. 12, according to a Reuters report. The U.S. Trade Representative has proposed lists totaling over $20 billion in imports from the EU on which it may impose tariffs.