Hi,
Here is the story.
Any thoughts?
Cheers,
Andy
Here is the story.
The EU has said US imports are to face duties of $200m (£120m) from March 2004.
The European Commission decided to impose the duties in retaliation against US tax breaks for exporters, which have been criticised by the World Trade Organisation.
The World Trade Organisation (WTO) gave the EU the right to impose 100% tariffs on more than $4bn of US exports after ruling that the US tax breaks were illegal.
Meanwhile, the EU has also warned it is considering sanctions on another $2.2bn of US goods in a separate dispute over steel imports.
The dispute arose after President Bush imposed tariffs of up to 30% in March 2002 in an effort to protect US steel producers from foreign competition.
Any thoughts?
Cheers,
Andy