Following Airbus ruling, U.S. to impose tariffs on EU aircraft, ag, industrial goods

The United States will impose 10 percent tariffs on aircraft and 25 percent tariffs on agricultural and industrial goods from the European Union in retaliation for illegal subsidies EU member states provided to Airbus, according to senior administration officials. A World Trade Organization arbitrator on Wednesday issued a ruling granting the U.S. the right to annually impose 100 percent tariffs on $7.5 billion worth of EU goods. The WTO’s Dispute Settlement Body must authorize the decision before the U.S. can...