From Post Bulletin
''The European Union inched closer to a
trans-Atlantic trade war Thursday, saying it would seek to impose up to
$12 billion a year in sanctions against the United States in retaliation
for U.S. government subsidies to Boeing.
The European Commission, the EU executive, said it was seeking the
sanctions to compensate for the impact of illegal subsidies to Boeing
that it said gave Boeing an unfair advantage over its European
archrival, Airbus.The move, which follows a similar trade threat against
Europe made by Washington this year, is the latest salvo in a
seven-year battle over aircraft subsidies.''
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