The WTO announcement culminates a 15-year fight over EU subsidies for Airbus. EU aircraft will face a 10% import tax; other products on the list will be hit with 25% tariffs . Wednesday's award follows a WTO ruling in May 2018 that the EU had illegally helped Airbus with subsidies. WTO arbitrators are expected to rule next year about how much the EU can impose in tariffs following a separate decision that went against Boeing. The EU has introduced "rebalancing" tariffs on about 2.8 billion euros ($3 billion) of U.S. steel, agricultural and other products.

Source: ABC News October 02, 2019 20:45 UTC