News

EU increases sanctions on US products

27/04/2007

The EU has published revised levels of ‘smart sanctions’ on US products in response to the US’s failure to repeal the Byrd Amendment, despite a ruling by the WTO.

The sanction takes the form of a 15% additional duty which will come into effect on May 1. The overall retaliation levels and products targeted are revised annually to reflect disbursements from the previous year. The level of retaliation will rise to $81.19 million in 2007 from the $36.91 million applied since May 1, 2006.

To continue reading this story, please sign in or register.