EU to impose tariffs against US - GoFuckYourself.com

DVTimes · 03-01-2004, 04:32 AM

EU to impose tariffs against US

The European Union is set to impose tariffs on US companies that will cost American business hundreds of millions of dollars.
The EU trade commissioner said a 5% duty would be put on exports from the US to Europe from Monday because of unfair help to firms by Washington.

Pascal Lamy said rates would continue to rise unless the US changed its law.

But with jobs an issue in the US, there will be grassroots political pressure not to back down.

The trade dispute between America and Europe has been a war of words so far with tariffs threatened but not imposed.

That will now change.

Dilemma

The World Trade Organisation, which polices world trade, has ruled that a tax break given to American exporters, like Boeing and Microsoft gives them an illegal unfair advantage.

Trade commissioner Mr Lamy told American legislators on a visit to Washington that the tariffs will be imposed on Monday.

"We have been extremely patient, but there is no way we can avoid these sanctions which will hopefully concentrate minds on the urgency of passing legislation," Mr Lamy said

An extra five 5% tax will be put on some US exports with the rate rising the longer Congress and the Senate refuse to change the law.

If no changes are made, the duty will reach 17% by March 2005.

The EU decision gives American lawmakers a dilemma.

With jobs an issue for US elected officials, there will be grassroots pressure not to back down to an international body like the WTO or to what they will see as European politicians.

http://news.bbc.co.uk/1/hi/business/3491770.stm

chemicaleyes · 03-01-2004, 04:33 AM

allanuk, gfy newsbot strikes again, lol
how many threads you gonna start this morning?

raceman · 03-01-2004, 04:35 AM

lol I was thinking the same thing

twistyneck · 03-01-2004, 04:36 AM

I'm starting to think that saving these fuckers in World War 2 wasn't such a good idea after all.

DVTimes · 03-01-2004, 04:37 AM

Quote:

Originally posted by chemicaleyes
allanuk, gfy newsbot strikes again, lol
how many threads you gonna start this morning?

DVTimes · 03-01-2004, 04:38 AM

Quote:

Originally posted by twistyneck
I'm starting to think that saving these fuckers in World War 2 wasn't such a good idea after all.

And we thank you for that

chemicaleyes · 03-01-2004, 04:38 AM

Quote:

Originally posted by twistyneck
I'm starting to think that saving these fuckers in World War 2 wasn't such a good idea after all.

get off your high horse!

chemicaleyes · 03-01-2004, 04:39 AM

Quote:

Originally posted by allanuk

thanks but I don't need your 2 cents

DVTimes · 03-01-2004, 04:41 AM

Quote:

Originally posted by chemicaleyes

thanks but I don't need your 2 cents

have 4

sexsup · 03-01-2004, 04:42 AM

This is a difficult problem to solve in effect, Europe has to do something to help european exporters(already managing the too strong euro question)

chemicaleyes · 03-01-2004, 04:45 AM

Quote:

Originally posted by allanuk

have 4

stfu, little man

Tipsy · 03-01-2004, 04:50 AM

Quote:

Originally posted by allanuk

And we thank you for that

We? For fucks sake don't start giving the impression that people share your views. Twats like you make the rest of the UK look bad.

DVTimes · 03-01-2004, 04:52 AM

Quote:

Originally posted by Tipsy

We? For fucks sake don't start giving the impression that people share your views. Twats like you make the rest of the UK look bad.

chemicaleyes · 03-01-2004, 05:02 AM

Quote:

Originally posted by Tipsy

We? For fucks sake don't start giving the impression that people share your views. Twats like you make the rest of the UK look bad.

BRISK · 03-01-2004, 05:21 AM

The EU is within its right to do this. Why is this newsworthy on GFY?

03-01-2004, 04:32 AM	#1
DVTimes xxx Industry Role: Join Date: Jun 2003 Location: UK Posts: 31,547	EU to impose tariffs against US EU to impose tariffs against US The European Union is set to impose tariffs on US companies that will cost American business hundreds of millions of dollars. The EU trade commissioner said a 5% duty would be put on exports from the US to Europe from Monday because of unfair help to firms by Washington. Pascal Lamy said rates would continue to rise unless the US changed its law. But with jobs an issue in the US, there will be grassroots political pressure not to back down. The trade dispute between America and Europe has been a war of words so far with tariffs threatened but not imposed. That will now change. Dilemma The World Trade Organisation, which polices world trade, has ruled that a tax break given to American exporters, like Boeing and Microsoft gives them an illegal unfair advantage. Trade commissioner Mr Lamy told American legislators on a visit to Washington that the tariffs will be imposed on Monday. "We have been extremely patient, but there is no way we can avoid these sanctions which will hopefully concentrate minds on the urgency of passing legislation," Mr Lamy said An extra five 5% tax will be put on some US exports with the rate rising the longer Congress and the Senate refuse to change the law. If no changes are made, the duty will reach 17% by March 2005. The EU decision gives American lawmakers a dilemma. With jobs an issue for US elected officials, there will be grassroots pressure not to back down to an international body like the WTO or to what they will see as European politicians. http://news.bbc.co.uk/1/hi/business/3491770.stm __________________ The Affiliate Program

03-01-2004, 04:33 AM	#2
chemicaleyes UNSTOPPABLE Join Date: Aug 2003 Location: UK :: ICQ# 156068 Posts: 11,569	allanuk, gfy newsbot strikes again, lol how many threads you gonna start this morning? __________________ No way as way, No limitation as limitation. AmeriNOC formally PhatServers

03-01-2004, 04:35 AM	#3
raceman Confirmed User Join Date: Jul 2003 Location: Now offshore on an island paying a heluva lot less tax than you suckers Posts: 1,064	lol I was thinking the same thing __________________ "ILLEGITIMIS NON CARBORUNDUM" <-- "DON'T LET THE BASTARDS GRIND YOU DOWN" General Joe Stiwell ICQ: 213-684-158

03-01-2004, 05:21 AM	#15
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	The EU is within its right to do this. Why is this newsworthy on GFY? __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

03-01-2004, 04:36 AM	#4
twistyneck So Fucking Banned Join Date: Jan 2002 Location: Hanging by the neck until dead. Posts: 4,660	I'm starting to think that saving these fuckers in World War 2 wasn't such a good idea after all.

03-01-2004, 04:42 AM	#10
sexsup Confirmed User Join Date: Feb 2004 Posts: 3,004	This is a difficult problem to solve in effect, Europe has to do something to help european exporters(already managing the too strong euro question)