The European Union (EU) has imposed tariffs on up to $4 billion worth of U.S. imports in retaliation for U.S. subsidies given to aircraft maker Boeing. This move comes after the World Trade Organization (WTO) ruled that the EU had the right to impose tariffs on the U.S. The tariffs are expected to affect a range of U.S. products, including aircraft, tractors, and frozen orange juice. This escalation in trade tensions between the EU and the U.S. could further strain their already fragile relationship.


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