Part 1 of 2

WTO Sides With US, Says Trump Can Retaliate For Billions In Illegal Airbus Subsidies

by Tyler Durden
Wed, 10/02/2019 - 10:10

Just as the US-China trade talks are set to resume at the highest level, the WTO has made a second front in the global trade war far more likely, when moments ago the World Trade Organization gave President Trump a green light to impose tariffs on as much as $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE.

WTO ON WEDNESDAY ISSUED RULING ON 15-YEAR-LONG U.S. TRADE CASE VS. AIRBUS
WTO SAYS U.S. CAN RETALIATE AGAINST $7.5B IN EU GOODS A YEAR
U.S. EXPECTED TO IMPOSE TARIFFS ON EU BEFORE NEGOTIATING SETTLEMENT
U.S. HAS RIGHT TO RETALIATE FOR ILLEGAL EU SUBSIDIES TO AIRBUS -WTO

The decision represents one of the last hurdles before the U.S. can announce which products from the European Union it will target with tariffs selected from an initial list that includes:

Airbus planes and parts