1. United States/European Union — WTO Sanctions
- Publication Date:
- 02-2002
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- US trade officials said last week that EU estimates of damages arising from US export subsidies were exaggerated. EU trade officials have asked the WTO to approve 4 billion dollars worth of trade sanctions against the United States, after the latter lost an appeal before the WTO on the tax treatment of foreign-source income — judged to be illegal export subsidies. Washington must amend its tax laws or face the prospect of retaliatory trade restrictions.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, Europe, and Washington