Just another way to try to help the Europeans keep from going broke, they love to stick it to the US. I know the Europeans dont like us much, but its not possible for them to dislike the US any more than I dislike the Euro's/
.
Time to leave the WTO & start a trade war. I'm sick & tired of these euro-trash socialists smug atacks on my country.
The EU may impose,
let the EU collect!
Either your with us or your against us!
Choose wisely you members of WTO!
ping
So let me get this straight: we are facing sanctions because we have laws on our books designed to prevent companies in other countries from destroying our own industries through the practice of product "dumping". In other words, if Sony wants to drive all U.S. VCR makers out of business, they can undercut their prices by selling at a loss just long enough to eliminate the homegrown competition and then raise prices again (which they actually did). And a U.S. law to prevent this is "illegal"? What makes it "illegal"? Is this suposedly a violation of "international law" (whatever that is). And who the hell legislates international law anyways? I sure didn't vote for (or against) them? Or are we just seeing the WTO as it really is, a tool for subverting national sovereignty for corporate sovereignty?
According to the article, it is just not European Union, but many other countries are involved. They seem to be especially upset about the Byrd amendment.
I hate the WTO. WTO puts more barriers on free trade. WTO is against free trade.
Or the WTO will get tough with us.
$150 million is chump change compared to our foreign trade. I say BRING. IT. ON!
HAPPY THANKSGIVING all!
FMCDH(BITS)
U.S. consumers can easily impose trade sanctions on the EU. Simply choose not to buy goods from EU countries whenever possible.
We can't dump low quality products onto your markets in order to drive the prices of your inventions down, so we'll stop selling you people low quality products!
We went through all this with China before. The Chinese are far worse than the Japanese ever were during the '80's.
Actually, to a Mid East analyst, the reasoning sounds creepily like something a terrorist would say in a Reuters headline.
...And after posting the reply and scrolling up, I see it's a Reuters articla.
No problem, we'll just deduct the WTO fines from next year's UN appropriation.
Reuters is really getting stupid at headlines.
"WTO Ready for U.S. Sanctions" does not equal the text, "The World Trade Organization cleared the way on Thursday to impose $150 million of trade sanctions on the United States."
Where are the idiots that said this couldn't happen?
Bump