GENEVA — The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month, at a meeting of the WTO's governing body on Monday.
The Dispute Settlement Body that adopted the arbitrators' Oct. 2 ruling is essentially the WTO's general council, and consists of all WTO members. According to the trade official's account, the U.S. ambassador Shea said it had always preferred a negotiated settlement but that it hoped the countermeasures that take effect later this week would "encourage the EU to agree to a genuine cessation of its WTO-inconsistent subsidies and the adverse effects that flow from them."
Last week, French Finance Minister Bruno Le Maire warned that if American tariffs take effect on Friday, Europe will not have "any other choice but to also take measures."
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