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Tariff Risk Comes Calling As US Gets WTO Green Light On $7.5 Billion In Sanctions In Plane Fight
The US can retaliate against $7.5 billion in EU goods per year, in response to illegal subsidies to Airbus, the WTO said on Wednesday.
The announcement was expected, and comes after the EU failed to convince the US to work towards a negotiated settlement.
Hopes for an amicable resolution to the long-running dispute disappeared altogether on Tuesday when the EU’s Cecilia Malmstrom told reporters in Brussels that Europe had "not received a positive response" from Washington.
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The EU has won previous WTO decisions against the US that they haven’t implemented yet, so they could immediately respond to any new US tariffs.
Ah, woe is (will be) Harley-Davidson . . .