On Thursday Bruno Le Maire France’s Finance Minister said “the European Union would impose sanctions on U.S. products” if no settlement was reached with Washington on a trade dispute over illegal EU subsidies to the aviation industry.
“The American administration should be aware that if there is no settlement, Europe will not have any other choice but to retaliate and to impose sanctions,” Le Maire told reporters on the sidelines of a meeting of EU finance ministers in Luxembourg.
“It is not in EU’s interest to start trade war with US. There is still time to find compromise on Airbus issue. If there is no settlement to Airbus issue, EU will retaliate.” He was also been quoted as saying.