Airbus, French exporters reel as US tariffs loom in subsidy row

The WTO has found that both Airbus and its U.S. rival Boeing received billions of dollars of harmful subsidies in a pair of cases marking the world's largest ever corporate trade dispute.

PARIS/BRUSSELS: Shares in Airbus and French luxury goods exporters fell on Monday as the European Union acknowledged it may face U.S. tariffs in a long-running dispute over aircraft subsidies, part of an escalating tit-for-tat trade row.

The World Trade Organization has approved a U.S. request to impose tariffs on European goods in the latest chapter of a dispute over aircraft subsidies that could lead to European reprisals, two people familiar with the case said.