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The EU Strikes Back

Will proposed EU import sanctions hit U.S. small businesses where it hurts?

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This story appears in the March 2003 issue of Entrepreneur. Subscribe »

The European Union and United States generally enjoy an amicable relationship. But in recent months, trade disputes have erupted-battles that may damage small businesses.

The fury began last March, when President Bush imposed tariffs on imported steel. In response, the EU suggested it would enforce World Trade Organization charges that the U.S. provides illegal tax subsidies for its exporters, and threatened to impose $4 billion in trade sanctions if the subsidies and tariffs were not removed. At press time, these sanctions were pending.

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