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To: Oeconomicus who wrote (136803)	1/17/2002 2:26:44 PM
From: craig crawford	Respond to of 164685

WTO Panel Rules Against U.S. dailynews.yahoo.com By PAUL GEITNER, AP Business Writer BRUSSELS, Belgium (AP) - The World Trade Organization (news - web sites) handed the United States a major loss Monday with a decision that opens the way for the European Union (news - web sites) to ask for billions of dollars in punitive tariffs on U.S. imports. Both the EU and the United States, however, immediately signaled their desire to avert a trade war that would dwarf any previous dispute and most likely hurt companies on both sides of the Atlantic. The WTO appeals panel in Geneva ruled against a U.S. law granting multibillion-dollar tax breaks to Microsoft, Boeing and thousands of other American companies operating overseas.