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EU & others seek to punish US for punishing EU & others
EFLThe European Union head office said Thursday it will seek to impose additional sanctions of up to 15 percent on U.S. products to punish Washington for failing to repeal an antidumping law ruled illegal by the World Trade Organization. The law, known as the Byrd amendment, allows American companies to receive proceeds from antidumping duties levied on foreign rivals. It was approved in 2000 and in four annual distributions, over $1 billion has been distributed to such industries as steel and metal producers and food and household items. I'd be inclined to raise the anti-dumping duties by another 15%, but that's just me. Posted by: Tom 2005-03-31 |
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