The World Trade Organization on Wednesday gave the US the go-ahead to slap roughly $7.5 billion worth of tariffs on the EU on aircraft parts and luxury goods. The long-awaited ruling comes as Trump had been looking to step up his trade war with the EU, having already hit the trade bloc with 25% tariff on steel and has threatened a $75 billion tariff on autos from Europe. The tariffs would be the latest escalation in a decades-long standoff over EU-based Airbus and US-based Boeing, with each country claiming that the aircraft companies are illicitly aided by government funds. President Donald Trump and European ... (full story)