Sept 30 (Reuters) - The World Trade Organization has authorised the European Union to slap tariffs on U.S. goods worth $4 billion to retaliate against subsidies for U.S. planemaker Boeing Co, people familiar with the matter said.
The move echoes last year’s decision to allow the United States to penalize $7.5 billion of EU goods over support for Airbus, though the EU is expected to argue it has total firepower of $8.2 billion because of separate unused tariffs.
The decision by WTO arbitrators will be published in coming weeks, the people said, asking not to be identified.
The U.S. Trade Representative and the EU’s Washington office did not respond to requests for comment. Boeing declined comment on the confidential WTO decision and Airbus was not immediately available for comment. (Reporting by Tim Hepher, Andrea Shalal, Eric M. Johnson, David Lawder; editing by Grant McCool)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.