Date: Thursday May 4, 2006 10:24:00 am
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EU Imposes New Trade Sanctions on US
The European Union has imposed new trade sanctions against the United States in retaliation for a U.S. trade law the World Trade Organization says is illegal.
The new trade sanctions take effect Monday.
They impose $9 million in tariffs on U.S. blankets, paper goods, photocopiers, and drills.Tariffs on other U.S. products, including some clothing and corn were imposed last yearThe tariffs are a response to the so-called Byrd amendment, which allows American companies to recieve proceeds from anti-dumping duties levied on foreign rivals.
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