It is the largest retaliation the WTO has ever approved
MOST MUSEUM exhibits are beautiful—or at least old. But an exhibition in 2015 at the World Trade Organisation included 60 cardboard boxes of documents. The point was to give a sense of the scale of two of the body’s longest and largest legal disputes, over American and European subsidies for aircraft manufacturers. Now the fight is moving out of the paperwork phase. That means tariffs are coming.
In a narrow sense, this is the multilateral rules-based trading system working as intended. Both parties went through the proper channels to receive an official judgment. Neither took matters into its own hands. The tariffs America is about to impose on Europe are not unilateral bullying, but an enforcement mechanism of last resort. They would probably have been applied by any president, even one less tariff-happy than Donald Trump.
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