Of Course You Know, Doc, This Means War
It was just six weeks ago that EU Trade Commissioner Peter
Mandelson declared his version of peace in our time -- a pledge
that the union's dispute with the US over airplane manufacturing
subsidies would be resolved without a battle in open trade court.
Now, the US has filed a World Trade Organization suit against the
EU, alleging unfair subsidies to Airbus. Mandelson, abandoning
hopes of settling without launching a trade war, has filed a
countersuit, accusing local governments in the States of, in
effect, subsidizing Boeing.