Aircraft Subsidies: Tariffs and Trade Dispute

aircraft subsidies: The EU's trade chief said the United States was likely to impose tariffs quite soon, according to The Japan Times. The WTO has found that both Airbus and its U.S. rival, Boeing, received billions of dollars of harmful subsidies in a pair of cases marking the world's largest-ever corporate trade dispute. The World Trade Organization has approved a U.S. request to impose tariffs on European goods in the latest chapter of a dispute over aircraft subsidies that could lead to European reprisals, two people familiar with the case said. ; The scope of the decision, which had been widely anticipated, is due to be announced in the week of Sept 30. The EU and United States are now drawing up potential tariffs after the Geneva body also found neither side had adhered fully to its findings. Washington has sought permission to impose tariffs up to 100 percent on European goods worth 11.2 billion a year. But Washington is first in line to turn this into actual tariffs because its case is running nine months ahead. (news.financializer.com). As reported in the news.