U.S. imposes €7.5 billion tariffs amid Airbus row

The U.S. government has announced an additional annual tariff on Airbus commercial aircraft, starting 18 October. Imposed tariffs by The World Trade Organization (WTO) will come into force on $7.5 billion (£6.1 billion) of goods the U.S. imports from the EU, including items ranging from aircraft to cheese. The largest penalty of its kind in the organisation’s history. U.S. trade officials said the tariffs would be set at a 10% rate on aircraft and 25% on agricultural and other items. In retaliation, Brussels has threatened to impose tariffs against U.S. goods. The tariffs are the latest chapter in a saga