EU slaps $200m tariff on US imports

[emad]

From BBC News:

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.

Trade Commissioner Pascal Lamy said: "The Commission hopes to pass a very clear message to the United States that their continued failure to implement three years after the expiry of the original WTO deadline is unacceptable."

During a visit to Washington on Tuesday, Mr Lamy had urged the US Congress to repeal the measure, known as the Foreign Sales Corporation, to avoid the sanctions being imposed.


http://news.bbc.co.uk/1/hi/business/3243423.stm

[La_Serpiente]

1. This is my favourite part of the article

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.

[Hieronymus]

2. The EU

is making it clear they won't be a lap dog to Shrub.:toast: