Economics
WTO Gives EU $4 Billion Target on U.S. Goods in Boeing Case
- Award falls short of EU’s call for $12 Billion in damages
- Ruling may mean tariffs on U.S. exports before Nov. 3 election
Workers assemble an airplane at Boeing's factory in Renton, Washington, U.S..
Photographer: Mike Kane/Bloomberg
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The European Union can impose tariffs on about $4 billion of U.S. exports annually in retaliation for government aid to Boeing Co. deemed illegal by the World Trade Organization, according to people familiar with the ruling.