Trump Preparing To Hit EU With Billions In Tariffs: Report

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Washington is reportedly preparing to announce tariffs on billions of euros of goods from the European Union, following a confidential decision by the WTO that was just handed down on Friday, Politico reports, citing four anonymous EU officials.

According to these officials, the WTO ruled in favor of the US on Friday in a case against Airbus, ending a long-running transatlantic dispute between the world's two largest aircraft manufacturers. It's not the first finding against Airbus, an earlier ruling was released in April, which found that Airbus had benefited from illegal state subsidies.