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WTO Allows EU 4 Billion $ Sanctions On US Exports  
User currently offlineRacko From Germany, joined Nov 2001, 4857 posts, RR: 20
Posted (12 years 1 month 3 weeks 2 days 4 hours ago) and read 1440 times:

FT article

12 replies: All unread, jump to last
 
User currently offlineScorpio From Belgium, joined Oct 2001, 5037 posts, RR: 44
Reply 1, posted (12 years 1 month 3 weeks 2 days 3 hours ago) and read 1408 times:

Hmmm.. I wonder how long it'll take for someone to storm in here claiming the WTO is an organisation brought to life to harrass the US, or that it is at least partial to the EU, or anti-American...

User currently offlineAviatsiya.ru From , joined Dec 1969, posts, RR:
Reply 2, posted (12 years 1 month 3 weeks 2 days 3 hours ago) and read 1423 times:

The EU should introduce some amount of sanctions automatically in retaliation. The American side have known about this decision (or impending decision) for quite some time and have done nothing about it; Canada vs Brazil should have given them some indication of what would occur.

The ball is now back in the court of the Americans. If they don't lift their subsidy programs asap, then I would support the full AU$7.25 billion sanctions being put in place.

Might at least offer the side benefits of making the American side play fair in terms of steel and agricultural products in relations to South Pacific trade.


User currently offlineMbmbos From United States of America, joined May 2000, 2598 posts, RR: 1
Reply 3, posted (12 years 1 month 3 weeks 2 days 3 hours ago) and read 1400 times:

Yep, the U.S. deserves what it's getting. The farm subsidies, in particular, are unconscionable. Unfortunately, I'm not sure any U.S. president would be able to reduce the subsidies by much, as the farm industry has a very powerful lobby. The U.S. isn't a democracy - it's an oligarchy.



User currently offlineMcringring From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 1 month 3 weeks 2 days 2 hours ago) and read 1408 times:

Let's see here...

The EU could have difficulty retaliating on a large scale, since that could disrupt transatlantic trade and penalise US imports on which European businesses depend.


Oh well... Big grin


User currently offlineWn700driver From , joined Dec 1969, posts, RR:
Reply 5, posted (12 years 1 month 3 weeks 2 days 1 hour ago) and read 1380 times:


Hmmm.. I wonder how long it'll take for someone to storm in here claiming the WTO is an organisation brought to life to harrass the US, or that it is at least partial to the EU, or anti-American...


...about as long as it took them to cook up the idea that the JAA was invented to increase Airbus sales...





User currently offlineSTT757 From United States of America, joined Mar 2000, 16883 posts, RR: 51
Reply 6, posted (12 years 1 month 3 weeks 1 day 22 hours ago) and read 1362 times:

The EU will not place any sanctions on US trade, instead the US will drop the tax breaks. Otherwise it's a trade war and the EU will hurt just as much as the US.

http://www.nytimes.com/2002/08/30/business/30CND-WTO.html?ex=1030766400&en=43dff21e2a527259&ei=5059&partner=AOL



Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineBoeing4ever From , joined Dec 1969, posts, RR:
Reply 7, posted (12 years 1 month 3 weeks 1 day 16 hours ago) and read 1340 times:

The U.S. isn't a democracy - it's an oligarchy.

And what about EU farm subsidies? The fact that the EU dumps its products on US markets, driving out US businesses? How about the banana war that the EU started? Don't paint the US as a trade devil when you know very well that the EU is NO angel.

BTW, We are a republic...a true democracy would be if everyone voted on every issue, we however elect a legislature.

B4e-Forever New Frontiers


User currently offlineDelta-flyer From United States of America, joined Jul 2001, 2676 posts, RR: 6
Reply 8, posted (12 years 1 month 3 weeks 1 day 16 hours ago) and read 1363 times:

The EU may be justified in their ruling, but sanctions on US imports will raise the price of US goods thereby reducing demand, and result in less EU products being purchased in the US. Remember, the US is a very large consumer, having a trade deficit with almost every trading partner in the world.

Definitely not a good idea for the EU to impose these sanctions.

Pete


User currently offlineClipperhawaii From United States of America, joined Dec 1999, 2033 posts, RR: 11
Reply 9, posted (12 years 1 month 3 weeks 1 day 15 hours ago) and read 1335 times:

They are just going thru the motions.

The U.S. Trade Representative Robert Zoellick said he was disappointed, but confident that the sanctions would never be put in place because the U.S.Congress is considering legislation that would change its tax regime while at the same time improving the competitiveness of U.S. companies in overseas markets.

"One of the ironies of this case is that when the dust has settled, we hope to find that the competitiveness of U.S. firms has been strengthened, rather than diminished," Zoellick said.

What may look bad for the U.S. now, will in the long run be best for the U.S. and all others can ride our succesful coat tails.

Win win for all.

ClipperHawaii




"You Can't Beat The Experience"
User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 10, posted (12 years 1 month 3 weeks 1 day 11 hours ago) and read 1319 times:

Hmmm, I think you guys will find that overall the EU is becoming considerably less dependent on trade with the US over the last decade or so ...  Big grin

User currently offlineGaut From Belgium, joined Dec 2001, 344 posts, RR: 2
Reply 11, posted (12 years 1 month 3 weeks 1 day 6 hours ago) and read 1328 times:

Pretty funny when you knows that the half of the entire EU budget goes to farm help (but it will change in a near future)!! US and EU have to stop those subsidies!!

Gaut



«Horum omnium fortissimi sunt Belgae.»
User currently offlineDelta-flyer From United States of America, joined Jul 2001, 2676 posts, RR: 6
Reply 12, posted (12 years 1 month 3 weeks 1 day 3 hours ago) and read 1314 times:

Hmmm, I think you guys will find that overall the EU is becoming considerably less dependent on trade with the US over the last decade or so

I would be interested in seeing some data and your interpretation of it.

Fact....
In 2001, the EU imported $158 B in goods and services, and exported $ 220 B
In 1991, the EU imported $103 B in goods and services, and exported $ 86 B
(above refers to EU trade with USA - $1 B = $1,000,000,000)

As you can see, US purchases from the EU increased almost 3-fold in the last decade. Not a shabby business you are doing with us. If we stop or reduce buying, how would it affect the your economy?

Reference... http://www.census.gov/foreign-trade/balance/c0003.html

My motto is most appropriate here....
"In God we trust
Everyone else please bring data."


Pete  Smile


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