Bloomberg: WTO Greenlights EU Retaliatory Tariffs

Dear Client:  Alongside the pandemic and wildfires, the trade dispute between the US and the European Union is still ongoing. The latest: the World Trade Organization gave the EU the authorization to impose retaliatory tariffs as part of a 16-year-long dispute between the US and EU over aircraft subsidies, reports Bloomberg.You may recall, in October, the WTO ruled that the US could move forward with retaliatory tariffs on $7.5 billion worth of European goods [see WSD 10-02-2019]. The tariffs are