The European Union is asking the World Trade Organization to impose up to $12 billion per year in sanctions on the United States as part of a long-running dispute involving government subsidies to plane-makers Airbus and Boeing. The EU said the amount was "based on estimates of the damages suffered by the EU due to unfair and biased competition from the U.S. industry," which received U.S. government subsidies. The action marks the latest salvo in a seven-year dispute between the EU and the U.S. over subsidies to the two plane-makers. Officials from France, where Airbus is based, welcomed the EU's decision.
