Economics

U.S. Wins Record $7.5 Billion Sanctions Over EU in WTO Jet Case

Dispute award is the largest in the organization’s history
Washington pledged to retaliate on EU goods including aircraft

Strategist Thin Likes That WTO Handled EU Aircraft Fight, Admits Timing Isn't Good

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By Bryce Baschuk

October 2, 2019 at 2:03 PM UTC

Updated on

October 2, 2019 at 3:57 PM UTC

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The World Trade Organization gave President Donald Trump the go-ahead to impose tariffs on as much as $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE.