Equities

Reuters ahead with WTO decision on U.S. tariffs on EU goods in Airbus subsidy dispute; market reacts

Reuters ahead with WTO decision on U.S. tariffs on EU goods in Airbus subsidy dispute; market reacts

Reuters exclusively reported the true amount of tariffs the World Trade Organization would allow the United States to place on the European goods in a major dispute over aircraft subsidies involving planemaker Airbus and gained readers precious minutes when the news was confirmed on Oct. 2. While other media floated numbers ranging between $5 billion and $8 billion, Reuters zeroed in on the correct $7.5 billion tariff figure on Sept. 26 and provided unrivalled depth on the 15-year-old dispute with an Explainer, Timeline and Factbox. When the WTO finally unveiled its decision, Reuters was first, almost two minutes ahead of the competition, with the news. Stocks immediately reacted.