The United States on Wednesday said it would slap 10 percent tariffs on European-made Airbus planes and 25 percent duties on French wine, Scotch and Irish whiskeys, and cheese from across the continent as punishment for illegal EU aircraft subsidies.
The announcement came after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case. The award is the largest in WTO history.
The U.S. is already in a trade war with China, and any wider flare-up of tit-for-tat tariffs with Europe could threaten a fragile global economy.
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