World News: 02:25 GMT Tuesday 3rd December 2019. [Yahoo Business News Feed via SPi World News]
The U.S. Trade Representative's office on Monday said it saw no basis in Monday's World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe's Airbus has suggested. 'Nothing in today's report even suggests that the (WTO) compliance panel found that the amount has decreased,' said a USTR spokesman. USTR earlier said it could increase tariffs on a wider range of European goods after the WTO rejected European Union claims that it no longer provides subsidies to Airbus.
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