WTO authorizes EU to retaliate on $13.6 million worth of U.S. goods in olives case

A World Trade Organization arbitrator on Wednesday authorized the European Union to impose tariffs on $13.64 million worth of U.S. goods because the U.S. had failed to comply with a WTO ruling faulting its impositions of countervailing duties on ripe olives from Spain. A WTO dispute settlement panel in December 2021 ruled that the U.S. Commerce Department violated several WTO rules in its application of CVDs on Spanish olives, including finding that a provision of the Tariff Act of 1930...