WTO approves US tariffs on $7.5 billion of EU goods in Airbus retaliation

The United States today secured the green signal from the World Trade Organization arbitrator to impose retaliatory measures to the tune of about $ 7.5 billion annually on goods and services exported by the European Union to the US because of Brussels’ failure to comply with a WTO ruling against subsidies provides by the EU governments to Airbus.

In a festering trade dispute launched by Washington against government subsidies provided the Airbus, the Arbitration panel- Mr Faizullah Khilji; Mr Scott Gallacher; and Mr Thinus Jacobs- ruled that the US is entitled to slap retaliatory duties on the EU goods and services as Brussels failed to comply with WTO’s ruling on the various government subsidies provided by the EU governments to Airbus.