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EU Eyes Tariffs Against the U.S., Putting Economy at Risk

  • The WTO ruled the EU can target $4 billion in U.S. goods
  • The award is the latest twist in a 16-year aircraft dispute
Corn kernels lay on the ground at a terminal at the Port of Vancouver in Vancouver, Washington, U.S. The EU tariffs will target coal producers, farmers and fisheries, in addition to aircraft makers.

Corn kernels lay on the ground at a terminal at the Port of Vancouver in Vancouver, Washington, U.S. The EU tariffs will target coal producers, farmers and fisheries, in addition to aircraft makers.

Photographer: Moriah Ratner/Bloomberg

The transatlantic trade conflict isn’t showing signs of winding down any time soon, and a ruling from the World Trade Organization means that a fresh round of retaliatory tariffs could jeopardize the nascent economic recoveries in both the U.S. and the European Union.

The WTO gave the EU authorization to impose tariffs on $4 billion of U.S. exports over illegal government aid provided to Boeing Co., according to two people familiar with the decision. The EU previously said it would act on the levies immediately to counteract $7.5 billion of tariffs Washington placed on European goods in a separate case involving Toulouse, France-based Airbus SE.