WTO authorsises EU to impose tariffs on $4Bln of US goods

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 BA.N, people familiar with the matter said, according to Reuters.

Reuters published a news in recent trade that states the move echoes last year's decision to allow the United States to penalize $7.5 billion of EU goods over support for Airbus AIR.PA, 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 US Trade Representative and the EU's Washington office did not respond to requests for comment. Boeing declined to comment on the confidential WTO decision and Airbus was not immediately available for comment.''

More to come...