Economics
EU Gives Green Light to Trigger $4 Billion Tariff Strike on U.S.
- Retaliation is over illegal subsidies to planemaker Boeing
- Duties aim for leverage after U.S. retaliation in Airbus case
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The European Union will impose tariffs on $4 billion of U.S. goods starting Tuesday in a tit-for-tat escalation of a transatlantic fight over illegal aid to aircraft manufacturers Boeing Co. and Airbus SE.