U.S. Gets Final OK to Hit EU With $7.5 Billion Airbus Sanction

(Bloomberg) -- The World Trade Organization on Monday formally authorized the U.S. to impose tariffs on about $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus SE.Members approved this month’s arbitration award -- the largest in the trade organization’s history -- at a special meeting of the dispute settlement body at the WTO’s headquarters in Geneva. The development marks the final procedural hurdle before the U.S. can retaliat