Diageo escapes broad tariffs for now but risks remain
Thursday 10 Oct 2019 Author: Ian Conway
Last week the World Trade Organisation (WTO) gave the US the green light to impose billions of dollars of tariffs on European companies in retaliation for more than a decade of EU subsidies on large aircraft. Specifically the WTO found ‘that certain subsidies provided by the European Union and certain member States to the European large commercial aircraft manufacturer Airbus caused displacement and significant lost sales (to the US)’...