Airbus, French exporters slip as U.S. tariffs loom in subsidy row

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Airbus, French exporters slip as U.S. tariffs loom in subsidy row
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Shares in Airbus and other key French exporters fell on Monday as Europe and the...

A logo of Airbus is seen on a flag at Airbus headquarters in Blagnac, near Toulouse, France, February 14, 2019. REUTERS/Regis Duvignau

The World Trade Organization has approved a U.S. request to impose tariffs on some European goods in the latest chapter of a two-way dispute over aircraft subsidies which could also lead to European reprisals, two people familiar with the case said. Both sides have won partial rulings in their favor in a 15-year dispute involving billions of dollars of domestic support for planemakers Airbus and Boeing . But the United States is first in line to take action since its case is running about 9 months ahead.

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