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”: 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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