WTO rules EU can target $4 billion in US goods in Boeing case

The European Union can impose tariffs on about $4 billion of US exports annually in retaliation for government aid to Boeing Co. deemed illegal by the World Trade Organization, according to people familiar with the ruling.
 

The WTO decision, released privately to EU and US officials, is one-third of the EU’s request for a $12 billion award and lower than the $7.5 billion retaliation judgment the WTO granted the US last year in a parallel dispute against Boeing’s European rival, Airbus SE. The trade body’s decision will be published in coming weeks, the people said.
 

The ruling, reported earlier by