Huge trade tariffs could hit Europe next week if US wins WTO dispute
2019-09-28 08:49:30 source：CNBC
September 27, 2019
The World Trade Organization (WTO) is set to back a U.S. request to impose tariffs on billions of dollars of European goods, potentially sparking a new trade war across the Atlantic, several media reports suggest.
Arbitrators from the WTO are meeting at 10.am. local time in Geneva on Monday to finalize a 15-year-old case brought by the United States. The U.S. seeks compensation for what they say are illegal subsidies granted to the plane maker Airbus by European governments.
Earlier this month, Airbus shares dipped sharply following reports that the WTO will rule in favor of the U.S, granting President Donald Trump the right to slap billions of dollars of tariffs in compensation.
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