|
|
Article: IN BRIEF (Page: 1, Date: 11/06/2003)
- Article from:
- China Daily
- Article date:
- November 6, 2003
CopyrightCopyright 2003 China Daily. Provided by ProQuest LLC. (Hide copyright information)
|
BRUSSELS
EU approves 'soft' sanctions against US
The European Commission yesterday armed itself with sanctions in a
long-running trade dispute with the United States, but backed a
softly-softly approach to imposing penalties on up to US$4 billion
worth of goods.
A spokeswoman said the EU executive approved a proposal to launch
sanctions gradually from March 2004, with an introductory tariff of 5
per cent. This is to increase by 1 per cent a month for a year, by
which time the EU hopes Washington will have repealed the tax laws
which sparked the sanctions.
The commission is gearing up to slap sanctions on another US$2.2
billion worth of US goods as early as December, in a separate dispute ...