WASHINGTON — The World Trade Organization handed the EU another victory Friday in a ruling that authorizes the trade bloc to impose $4.04 billion in sanctions on a wide range of U.S. products.
The ruling, which could provoke a trade war, stems from a long-simmering dispute the U.S. lost eight months ago over tax breaks for U.S. corporations operating abroad. The WTO deemed those breaks an illegal subsidy in January.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"