The United States won approval on Wednesday to impose import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters. The decision by the World Trade Organization pushes a 15-year corporate dispute over illegal support for plane giants to the center of caustic world trade relations and comes on top of a tariff war between Washington and Beijing. In response, the United States intends to impose new 10% tariffs on aircraft and 25% on agricultural and industrial good other European goods starting Oct. 18, an official from the U.S. Trade Representative’s office said. The official described the decision a “significant victory” for the United States and said the agency would publish a list of EU goods later on Wednesday. But the aircraft tariffs would not apply to aircraft […]