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| EU to impose sanctions on U.S. |
| 2004-02-27 |
| Citing the failure of the U.S. Congress to repeal tax laws deemed illegal last year by the World Trade Organization, the European Union says it will begin imposing retaliatory sanctions next week. But the EU has held out the hope that a resolution could still be reached. The European Commission adopted the proposal Thursday at its weekly meeting. The countermeasures are to be imposed gradually, beginning March 1, the group said in a statement posted on its Web site. "The commission’s proposal is in line with the WTO authorization, granted earlier this year, to apply countermeasures of up to $4 billion following the failure of the U.S. to comply with the WTO rulings," it said. ...more... |
| Posted by:.com |
| #6 Yeah Hyper it is small, but I read that they were going to target particular industries based in states that might be close in the next election. How many times do their actions revolve around countering Bush rather making good policy? Geesh EU, get over it already. They will have to deal with him for another 5 years. |
| Posted by: whitecollar redneck 2004-2-27 5:33:32 PM |
| #5 "...to apply countermeasures of up to $4 billion following the failure of the U.S. to comply..." Hmm, math is hard, but $4Billion is, what, .04% of the US GDP? I know I'M scared... |
| Posted by: Hyper 2004-2-27 3:55:46 PM |
| #4 You know, I'm really fed up with the f*cking Eurotrash. Haven't they learned that they really don't want to piss us off? I mean look what happened when Phrawnce pissed us off? Can you say 20% (some places/markets higher) decline in sales of french products. Do those scum sucking euroweenies need another grassroots boycott of european wares? I'm all for it. But I won't give up my guiness. And I generally don't include Great Britian when I say 'Europe' anyways. |
| Posted by: AllahHateMe 2004-2-27 3:44:44 PM |
| #3 They're just not happy that we aren't raising taxes, the damn socialists... |
| Posted by: Raj 2004-2-27 1:05:02 PM |
| #2 I believe it is over some anti-dumping law that was passed in 1916 and has never been used against any EU firm. No blood, no foul? I guess not for the EU. |
| Posted by: whitecollar redneck 2004-2-27 8:28:08 AM |
| #1 I must be missing something, The story doesn't mention what the initial WTO ruling was or what tax laws are the Eunuchs talking about. A little help? |
| Posted by: JerseyMike 2004-2-27 7:09:17 AM |