The WTO will reportedly give Trump a green light to slap tariffs on a record $7.5 billion worth of EU goods this week

Reuters

• The World Trade Organization will reportedly give the US the green light this week to slap tariffs on about $7.5 billion worth of EU goods, according to Reuters.
• The WTO is set to grant the record level of retaliation rights after finding European planemaker Airbus and American archrival Boeing received billions of dollars in illegal subsidies, Reuters said.
• The EU can retaliate against Boeing too, but it has to wait.
• The EU will have to wait until early next year to learn the amount of retaliation it can take against Boeing, the news outlet said.
• Watch Airbus and Boeing trade live.

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The World Trade Organization will reportedly give the US the green light this week to slap tariffs on about $7.5 billion worth of EU goods, according to Reuters, citing people familiar with the case.

The global trade watchdog is set to grant the record level of retaliation rights after finding European planemaker Airbus and American archrival Boeing received billions of dollars in illegal subsidies, Reuters said. European government officials expected the US to be awarded between $5 billion and $7 billion in retaliation rights, according to a Bloomberg report in July.

See the rest of the story at Business Insider

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