US Will Impose Tariffs on $7.5 Billion of EU Imports The World Trade Organization (WTO) has authorized the U.S. tariffs of up to 100% on goods from the E.U. The WTO decision ends a 15-year battle over E.U. subsidies to the Belgian company Airbus. The E.U. has a similar case levied against the U.S. over its subsidies to Boeing. The decision is the largest arbitration award ever issued by the WTO. The U.S. has already earmarked more than $20 billion worth of E.U. goods for tariffs. The E.U. in turn has earmarked a similar amount of U.S. goods for tariffs in relation to its own case against the U.S. concerning Boeing. Cecilia Malmstrom, EU Trade Commissioner, via 'The Wall Street Journal' Airbus has warned officials in Washington and Brussels that tariffs from either side would "severely impact" the airline industry.
