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Old 01-29-2009, 07:35 PM
CrackerBarrel CrackerBarrel is offline
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Join Date: May 2008
Location: In Mombasa, in a bar room drinking gin.
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It's not that big of a deal, since the EU countries are WTO members and so is the US you can't ban imports with no reason. If the WTO finds that an act is a violation of their policies they authorize/suggest retaliatory tariffs at the appropriate level for the harmed country to impose. The WTO found that the EU ban on US hormone treated beef was against the GATT and suggested this as a retaliatory tariff.
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Last edited by CrackerBarrel; 01-31-2009 at 03:45 PM.
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