Trade Tensions Mount Between U.S. and World

[Socialist Christian]

http://story.news.yahoo.com/news?tmpl=story&cid=586&ncid=586&e=8&u=/nm/20031121/wl_nm/economy_world_trade_dc

<snip>
DUBLIN/BRUSSELS (Reuters) - Global trade tensions simmered on Friday as the EU stood firm on threats to slap sanctions on U.S. goods over steel and export tax break disputes and Norway warned of retaliation against Washington

In a week when a U.S. decision to cap imports of Chinese clothing sent the dollar tumbling, Italy's finance minister said Europe might have to follow the United States in imposing tariffs on China.


The European Union (news - web sites) is threatening sanctions on up to $6 billion of U.S. goods in a transatlantic trade row, and EU Trade Commissioner Pascal Lamy said the 15-nation bloc was prepared to hit back at the United States.


"Retaliation is the last resort that the system provides, the final tool that can be used to incentives compliance," Lamy said.

[leesa]

1. Entirely predictable

Bush and Company WILL see that the US is destroyed.

[Homer12]

2. Very bad news indeed, this could get Bush squased in 2004

I have no idea what Bushco was thinking, but my guess is that they don't care. The more the world hates us, the more power they think they have over public opinion here.

[DeathvadeR]

3. Wouldn't this be a terrorist act?

It would harm our economy after all, and that qualifies!!!!! O wait thats the kind of shit the US has been pulling for years.