EU to Lift US Sanctions After Repeal of Tax Breaks
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The European Union said it will end sanctions on US imports in about two months, following the repeal by the US of an illegal export subsidy, and warned the US not to extend the tax breaks for companies such as Boeing Co.
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The European Union said Monday it will lift sanctions against US imports following President Bush&#39;s decision to remove illegal export subsidies.
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BRUSSELS -- The European Union moved to lift hundreds of millions of dollars in trade sanctions against US exporters, responding to sweeping new US corporate-tax legislation that closes tax breaks ruled illegal by the World Trade Organization.
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The European Union left open Monday the option of levying punitive tariffs against Boeing Corp. &#151; the main beneficiary of U.S. tax breaks found to violate global trade rules. The move came despite a U.S. warning that it could aggravate a trans-Atlantic fight over subsidies to Boeing and its European rival, Airbus.
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ISN SECURITY WATCH (12/10/04) - The EU decided on Monday to lift a decade-old sanctions regime against Libya, acting mainly on pressure from Italy, which is keen to resume arms sales to the North African country.
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European Union has decided to lift, at least temporarily, sanctions imposed on U.S. goods since Congress enacted sweeping changes in corporate tax law earlier this month.
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The European Union is to suspend sanctions on US imports worth $4bn after President Bush signed a bill removing illegal export subsidies.
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The European Union will suspend  sanctions on $4 billion worth of U.S. goods, the bloc's  executive said Monday, three days after President Bush signed a  bill repealing illegal export tax subsidies.
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The United States said Monday it would temporarily hold fire on sanctions on European Union goods in a last-ditch attempt to resolve a bitter trade dispute over genetically modified crops.
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The European Union was considering Monday whether to levy punitive tariffs against Boeing Corp. &#151; the main beneficiary of U.S. tax breaks found to violate global trade rules. The move came despite a U.S. warning that it could aggravate a trans-Atlantic fight over subsidies to Boeing and its European rival, Airbus.
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The EU called off its sanctions on &#36;4 billion worth of U.S. goods on Monday after Washington repealed illegal export tax subsidies, bringing some balm to transatlantic ties wounded by a battle over Airbus and Boeing.
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The World Trade Organization yesterday authorized the European Union and seven other leading US trading partners to impose more than $150 million worth of sanctions against the United States for failing to repeal antidumping rules deemed illegal by the WTO.
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The European Commission is sticking  with its plan to lift sanctions on $4 billion worth of U.S.  goods on Jan. 1 following Washington's repeal of export tax  subsidies in October, a spokeswoman said on Thursday.
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BRUSSELS - The European Union agreed on Wednesday to lift its arms embargo on Libya after pressure from Italy, which wants to help the North African country tackle illegal migrants, an EU diplomatic source said.
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General Electric Co. and Wachovia Corp. stand to gain the most in new legislation to repeal a $50 billion tax break for US exporters ruled illegal by the World Trade Organization.
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The EU called off its sanctions on $4 billion worth of US goods on Monday after Washington repealed illegal export tax subsidies, bringing some balm to transatlantic ties wounded by a battle over Airbus and Boeing.
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US President George W. Bush&#39;s administration welcomed Monday a European plan to lift US trade sanctions imposed over an illegal export tax break scheme.