U.S. business groups react to Airbus tariffs as Malmström pledges retaliation

The European Union’s trade chief said on Friday the bloc had “no alternative” but to respond in kind to tariffs stemming from a World Trade Organization dispute over aircraft subsidies the U.S. imposed this week, which have drawn a mixed response from U.S. business groups. After finding that some EU member states provided illegal subsidies to aircraft manufacturer Airbus, the WTO earlier this month authorized the U.S. to retaliate against $7.5 billion worth of European goods Ten percent tariffs on...