U.S. to put $7.5bn in tariffs on EU goods
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The World Trade Organization has given the United States the go-ahead to impose tariffs on $7.5 billion in trade from Europe annually to retaliate against illegal EU subsidies for aviation giant Airbus
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U.S.-EU TRADE IN GOODS

$7.5bn: Represents fraction of EU exports 

Imports from EU       U.S. exports to EU

$bn 
800
600 
400 
200
0 
-200   -95 -61 -80 -100 -116 -125 -144 -156 -147 -151 -169
-400   U.S. trade deficit with EU
      2008     2010      2012     2014     2016     2018

273 368
221 282
240 320
269 369
266 382
262 388
276 421
272 428
270 416
283 435
319 488
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PLANNED TARIFFS (could start as soon as Oct 18)
                       
10% On new commercial aircraft of more than 30 tonnes from:
France, Germany, Spain and UK

25% On range of other items from EU, including:

Single-malt Irish and Scotch whiskies, various garments and blankets from UK

Coffee and certain tools and machinery from Germany

Various cheeses, olive oil and frozen meat from Germany, Spain and UK

Pork products, butter and yogurt from multiple countries
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Sources: Bloomberg, CNBC, Action Forex Picture: Associated Press © GRAPHIC NEWS