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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (11245)	9/1/2004 10:02:12 AM
From: mishedlo	Read Replies (1) of 116555

EU to discuss possible trade sanctions vs US ´over the coming days´ Wednesday, September 1, 2004 10:46:33 AM EU to discuss possible trade sanctions vs US 'over the coming days' BRUSSELS (AFX) - The European Commission said EU member states will discuss the possibility of imposing trade sanctions against the US in retaliation to illegal American anti-dumping rules known as the Byrd Amendment "This is something we are going to be discussing with member states over the coming days," commission spokeswoman Arancha Gonzalez said Gonzalez said the EU's aim was to see the US legislation repealed Yesterday, a WTO arbitration panel said the EU, Brazil, Canada, Chile, India, Japan, Mexico and South Korea could impose hundreds of millions of dollars of sanctions against certain US imports The amendment allows the US government to distribute proceeds from anti-dumping tariffs on steel and other products to US firms that complain of damage from foreign imports

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