World Trade Organization

The World Trade Organization says the United States can impose tariffs on up to $7.5 billion worth of goods from the European Union as retaliation for illegal subsidies to Airbus — a record award from the trade body. Francois Mori/AP hide caption

A new Airbus A320neo aircraft is presented by the Spanish airline Vueling at Barcelona's airport on Sept. 27, 2018. The Trump administration is preparing to slap tariffs on imports from Europe, citing subsidies of Airbus jets. Josep Lago/AFP/Getty Images hide caption

Tuna, seen on display last year at a fish market in Mexico City. The World Trade Organization dealt Mexico a defeat on appeal Friday, dismissing the country's argument that labeling regulations in the U.S. violated WTO rules. Henry Romero/Reuters hide caption

China's Ministry of Commerce is pursuing legal remedy against the U.S. over new tariffs on $200 billion worth of Chinese imports. Here, a container ship is unloaded at the Port of Oakland in California last week after completing a voyage from China. Ben Margot/AP hide caption

The EU will take its complaint over new U.S. tariffs to the World Trade Organization, according to Cecilia Malmström, the European commissioner for trade. Malmström spoke at a news conference Friday in Brussels. Dario Pignatelli/Bloomberg via Getty Images hide caption

U.S. Commerce Secretary Wilbur Ross poses before a roundtable briefing in Hong Kong in September. Anthony Wallace/AFP/Getty Images hide caption

A bluefin tuna swims inside farming pens in 2007 prior to harvest near Ensenada, Mexico. Chris Park/AP hide caption

President Trump discussed trade and economic policies during his address to a joint session of Congress Tuesday night. Jim Lo Scalzo/AP hide caption