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Reply #6: replying to my own question [View All]

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Kenneth ken Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-15-04 06:31 PM
Response to Original message
6. replying to my own question
I went searching for information, and got this bit:

"The World Trade Organization has consistently ruled that a current tax benefit for U.S. exports (called "FSC-ETI") violates our trade obligations. As a result, the EU is imposing 12 percent tariffs on many of the most sensitive U.S. exports including, steel, agriculture, livestock, wood and paper products, jewelry, appliances and electronics."

from this op-ed piece (written by a Bill Thomas Republican Congress-person, and Chairman of House Ways & Means) in support of the legislation they passed giving something like $120 Bn in tax credits to business in order to end the WTO violations penalties.

Washington Times Op-Ed

I'm not advocating the piece, or the source, but at least it does name products that are apparently US exports. If true, it still amounts to a pretty meager list of goods a weaker dollar will help.
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