Reply #89: Rep. Thomas: U.S., EU trade differences 'irreconcilable' [View All]

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http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B859FB7E2%2DEB51%2D41B1%2DA07E%2D4B96BF5EC384%7D&dist=newsfinder&symbol=&siteid=mktw

WASHINGTON (MarketWatch) -- "Irreconcilable differences" over trade policy between the United States and the European Union have crippled the Doha round of world trade talks, House Ways and Means Committee Chairman Bill Thomas, R-Calif., said Monday, in a speech at the American Enterprise Institute. As a result, Washington and Brussels should probably "part ways," allowing U.S. negotiators to focus on bilateral trade agreements, said Thomas, whose committee has jurisdiction over trade issues. "Obviously we don't just walk away" from Doha, Thomas said, but the global round shouldn't be where the United States put major resources at this time.