The American Empire in a Changing World


Sunday, September 30, 2012

''European Union closer to trade war with U.S.''

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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