The European Union (EU) decided to impose tariffs on $4 billion worth of U.S. goods in retaliation for U.S. subsidies to Boeing. This move comes after the World Trade Organization (WTO) ruled that the EU could impose tariffs on U.S. imports due to illegal subsidies given to Boeing by the U.S. government. This escalating trade conflict between the EU and the U.S. is adding further strain to global trade relations.


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