Let the A vs. B war begin...
U.S. to Begin Trade Case Over Airbus
WASHINGTON, May 30 - The Bush administration announced on Monday that it would bring a case against the European Union at the World Trade Organization over European subsidies to the aircraft maker Airbus, reviving a dispute on a scale that may turn out to be the largest ever heard by the trade organization.
The dispute centers on the billions of dollars in government subsidies to the American and European industry giants, Boeing and Airbus, and it promises to involve the most money in any case that has been brought before the W.T.O.
After months of fractious negotiations, talks broke down after a European proposal on Friday to reduce, rather than eliminate all subsidies.
The United States trade representative, Rob Portman, released a statement late Monday afternoon, saying he would ask the W.T.O. on Tuesday to form a panel to consider the dispute....
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