U.S. can tariff about $8 billion of EU goods over Airbus aid

WTO spokesman Keith Rockwell and a spokesperson for Boeing both declined requests from Bloomberg for comment. Foto: Larry MacDougal via AP

The World Trade Organization will authorize the U.S. to impose tariffs on nearly $8 billion of European goods due to illegal state aid provided to aircraft maker Airbus, according to people familiar with the decision, a move that will likely trigger retaliatory measures from the European Union.

The U.S. duties, which could hit as soon as October, will target planes and parts as well as luxury products, such as wine and spirits like Dom Perignon and Moet & Chandon -- and leather goods under labels such as Givenchy and Louis Vuitton, according to a list published by the U.S. Trade Representative's office...

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