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Expectations that the European Union will impose customs duties on US imports next week

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European diplomats said Friday that the European Union will probably impose $4 billion in tariffs on US imports next week, after support from the World Trade Organization in a dispute over support for Boeing aircraft maker.Most EU governments have already supported imposing the duties, which are expected to take effect after a meeting of EU trade ministers on Monday, which comes in response to US customs duties on European goods against the backdrop of support provided to Boeing’s rival Airbus.

Source: CNBC Arabia

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