EU slaps $200m tariff on US imports (Because of Bush tax cuts)

[NNN0LHI]

http://news.bbc.co.uk/2/hi/business/3243423.stm

The EU has announced US imports are to face duties of $200m (£120.3m) from March 2004.

The European Commission decided to impose the duties in retaliation against US tax breaks which provides tax relief to US exports and have been condemned by the World Trade Organisation.

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[RogueTrooper]

1. Well, this has been rumbling along for a while

"The list, which includes Harley Davidson motorcycles, citrus fruit, and textile products, is said to have been calculated so as to hit hardest regions which support President Bush's Republican party."

From the article.

[SoCalDem]

2. Good for them.. I heard about this a while back

and apparently they decided that since we were not able to restrain him, they would have to..

His European trip should be interesting

[Francis]

3. The tax cuts

Have nothing to do with this

[SoCalDem]

4. Au contraire

The tax cuts were handed out the the upper crusties who OWN the companies and corporations .. It put beau coup bucks into their greedy little paws.. The EU is just taking some of it away from them.:)