WTO Allows U.S. to Impose up to $7.5 Billion in Tariffs on EU
The World Trade Organization (WTO) has granted the U.S. the ability to impose up to $7.5 billion in tariffs on European exports. The ruling is a result of the EU illegally providing government subsidies for large civil aircraft manufacturing to Airbus.
The official list of products includes several EU dairy products such as butter, whey protein concentrates, dairy spreads, yogurt and cheese. These products will be subject to additional import duties of 25 percent ad valorem.
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