racko
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WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 12:17 am

 
Scorpio
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RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 12:58 am

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...
 
Guest

RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 1:02 am

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.
 
mbmbos
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RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 1:23 am

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.

 
McRingRing
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RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 1:35 am

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
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wn700driver
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RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 3:14 am


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...



Base not your happiness on the deeds of others, for what is given can be taken away. No Hope = No Fear
 
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STT757
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RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 5:31 am

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
 
Boeing4ever
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RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 11:51 am

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
 
delta-flyer
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RE: WTO Allows EU 4 Billion $ Sanctions On US Expo

Sat Aug 31, 2002 11:52 am

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
"In God we trust, everyone else bring data"
 
clipperhawaii
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RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 12:42 pm

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"
 
Guest

RE: WTO Allows EU 4 Billion $ Sanctions On US Exports

Sat Aug 31, 2002 5:13 pm

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
 
gaut
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RE: WTO Allows EU 4 Billion $ Sanctions On US Expo

Sat Aug 31, 2002 10:11 pm

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.»
 
delta-flyer
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RE: WTO Allows EU 4 Billion $ Sanctions On US Expo

Sun Sep 01, 2002 12:28 am

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
"In God we trust, everyone else bring data"

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