Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (41238)	11/11/2003 3:44:19 AM
From: elmatador	Read Replies (1) of 74559

<<The cheese-eating surrender monkeys have bitten back.>> Biting back 11 November 2003 argument.independent.co.uk With the accuracy of a (French) Exocet missile, Pascal Lamy, the European commissioner responsible for trade affairs, has levied retaliatory sanctions on US products with lethal effect. He is quite right to do so, of course, as President Bush's imposition of tariffs on steel imports to the US was plainly contrary to World Trade Organisation rules, as the WTO has confirmed. M. Lamy understands how to hurt the Americans: batter their icons. So there will be revanchist tariffs placed on jeans, on Florida orange juice and on bowling alley equipment. The cheese-eating surrender monkeys have bitten back.

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