US leather and livestock high on EU ‘hit list’
12/09/2002
Finished leather is among the hundreds of commodities that the European Union is considering slapping with retaliatory tariffs, if the US refuses to eliminate a controversial tax break for American exporters. Last month, the World Trade Organisation ruled the union is entitled to impose tariffs of up to $4 billion - which would be by far the biggest trade retaliation ever undertaken by any government since the WTO was created in 1995.
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