EU May Restore Trade Sanctions on U.S.-Mandelson
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The European Commission said on  Tuesday that EU sanctions on $4 billion worth of U.S. goods  will be lifted as planned, but it will seek to reimpose them if  the WTO backs its complaint about residual export tax breaks.
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EU Trade Commissioner Peter Mandelson suggested on Monday that so-called &quot;golden shares&quot; could be used to protect strategically important European companies against foreign takeovers.
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The United States expressed concern at the prospect of renewed Japanese trade sanctions over a US anti-dumping law that was repealed last year.
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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The EU called off its sanctions on $4  billion worth of U.S. goods on Monday after Washington repealed  illegal export tax subsidies, bringing some balm to  transatlantic ties wounded by a battle over Airbus and Boeing.
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Europe's trade chief Peter Mandelson meets his U.S. counterpart Robert Zoellick for the first time on Monday amid signs of a truce in the dispute over government aid for rivals Boeing and Airbus.
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BRUSSELS (Belgium): The European Union will lift sanctions against the United States now that US President George W. Bush has signed a law reforming corporate tax breaks deemed illegal by the World Trade Organisation, the EU executive commission said
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NEW YORK, October 25  - The European Union (EU) plans to lift the existing sanctions on US goods worth about $4 billion in response to a new bill that repeals the illegal export tax subsidies in the US.
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The European Union has decided that it will lift, at least temporarily, the sanctions it has imposed on US goods, now that Congress enacted sweeping changes in corporate tax law earlier this month, an EU official said yesterday.
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European Trade Commissioner Peter Mandelson will press US Trade Representative Robert Zoellick to explain whether the United States still intends to pursue a trade case
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The European Union and seven other countries&#39; sanctions request on United States exports have been postponed to be considered by the World Trade Organization at a meeting.
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The European Union's top trade official said Monday he would move to lift millions of euros (dollars) in punitive tariffs on U.S. goods following the repeal in Washington of corporate tax breaks that were ruled illegal by the World Trade Organization.
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The European Union (EU) said yesterday it would remove trade sanctions imposed on the US in a dispute over US corporate tax subsidies, but warned it might levy new penalties next year over continued benefits it sees as illegal to Boeing, the aircraft maker
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The US will offer an olive branch to Peter Mandelson, the European Union&#39;s new trade commissioner, next week by delaying any escalation of the dispute over subsidies to Airbus and Boeing, a US trade official said on Thursday.
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GENEVA - The European Union (EU) and its allies got the go-ahead from the World Trade Organisation (WTO) yesterday to slap potentially heavy sanctions on US goods in response to the latter&#39;s illegal anti-dumping rules.
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The United States is pressing  forward with a case against European Union customs procedures  that it believes impede American exports after direct talks  with Brussels failed to resolve concerns, a U.S. official said  on Thursday.
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Incoming European Union trade chief  Peter Mandelson said on Monday he was confident the EU would  have a strong counter-case if the United States brought a claim  to the World Trade Organization over aircraft subsidies.