France says EU will impose sanctions on US if aviation row not settled

France's Finance Minister Bruno Le Maire said on Thursday 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 put (on) sanctions," Le Maire told reporters on the sidelines of a meeting of EU finance ministers in Luxembourg.