Economics
Europe Braces for $7 Billion U.S. Tariff Hit Over Airbus Dispute
- WTO will rule this summer over illegal European aid to Airbus
- The decision will cap a 14-year-old aircraft dispute
Photographer: Chris Ratcliffe/Bloomberg
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Europe expects the World Trade Organization to give the U.S. the green light to hit the EU with tariffs aimed at products valued at between $5 billion and $7 billion in a 14-year dispute over illegal aircraft subsidies, according to two European government officials.