News

EU to impose $4 billion tariffs on US goods

02/03/2004

The European Union (EU) yesterday started to impose multi-million dollar trade sanctions on American goods over illegal tax breaks given to US exporters.

 

The EU said it would revoke the measures immediately if the US Congress eliminates its legislation, declared illegal under the Foreign Sales Corporation (FSC) law by the World Trade Organisation (WTO) two years ago.

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