The World Trade Organization has formally given the go-ahead for the United States to impose trade sanctions on up to $7.5 billion worth of European Union goods following a ruling that European plane maker Airbus received illegal subsidies.
The move by the trade body’s dispute settlement body was largely a formality after the long-awaited Oct. 2 ruling by a WTO arbitration panel. For that ruling to be blocked, every country including the United States that attended the settlement body’s meeting Monday would have had to reject it.
The record $7.5 billion ruling found that the European bloc and member states Britain, France, Germany and Spain failed to remove improper subsidies for Airbus that hindered sales by U.S. rival Boeing.
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