EU sanctions on US trade

The US could not meet the Commission’s 1 March dead­line for a bill (not nec­es­sar­i­ly a law) that would, in the EU’s view, sat­is­fy the require­ment for WTO com­pli­ance. bq. “The name of the game is repeal. It is not retal­i­a­tion, not sanc­tions. It is repeal, and to have a WTO-com­pli­ant leg­is­la­tion,” said EU trade com­mis­sion­er Pas­cal Lamy, on a vis­it to Wash­ing­ton Thurs­day. (AFP via “Yahoo”:http://story.news.yahoo.com/news?tmpl=story&cid=1518&ncid=1518&e=2&u=/afp/20040229/bs_afp/eu_us_wto_trade_dispute_040229034044) Lamy also announced that the EU was no longer threat­en­ing to impose sanc­tions on US steel imports in retal­i­a­tion for the flawed safe­guard action that the Bush admin­is­tra­tion took on steel last year. The US safe­guards were lift­ed in Decem­ber.

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