World Trade Organization Confirms EU Right To Retaliate Against $4 Billion Of U.S. Imports

The World Trade Organization (WTO) allowed the EU to raise tariffs up to $4 billion worth of imports from the U.S. as a countermeasure for illegal subsides to the American aircraft maker, Boeing. The decision builds upon the WTO's earlier findings recognising the U.S. subsidies to Boeing as illegal under the WTO law.