WTO grants EU $4 billion in Boeing retaliation; U.S. threatens to respond

The World Trade Organization on Tuesday announced the European Union will be able to impose tariffs on up to $4 billion worth of U.S. goods in retaliation for subsidies provided to Boeing, prompting an immediate pledge from the U.S. to respond if the EU imposes tariffs. The decision comes roughly one year after the U.S. was granted the right to retaliate against $7.5 billion worth of EU goods for subsidies member states provided to Airbus. The EU award of $4...