The United States won approval on Wednesday to slap import tariffs on $7.5 billi...
) received billions of dollars of illegal subsidies in the world’s largest corporate trade dispute, a legal marathon dating back to 2004.
The agency’s provisional list of products eligible to be targeted with tariffs covers European goods with an annual import value of $25 billion and ranges from Airbus jets themselves to helicopters, wine, spirits, handbags and cheese. German Chancellor Angela Merkel said the decision would weigh on the European planemaker, one of the country’s largest industrial employers and headquartered in France.See more stories
On Tuesday, the head of Irish budget airlines group Ryanair urged the United States and EU to pull back from the brink of a tariff war and said neither side’s aviation industry would survive a long dispute. Airbus has said this would lead to a “lose-lose” trade war and has published a video stressing its contribution to the U.S. industry through local assembly plants and 4,000 direct jobs, headlined “Together, let’s keep American aerospace great”.
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