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10:45 AM | 
Posted by
kender
The European Union advised the World Trade Organization on Tuesday that it would reintroduce trade sanctions against the United States in two months unless Washington complies with a WTO ruling condemning tax breaks for U.S. companies operating overseas.
The 25-nation EU said, however, that it is still offering the United States ways to end the long-standing dispute without having to incur sanctions on lists of targeted products, including everything from textiles and foodstuffs to automotive parts and steel.
The announcement comes 30 days after a WTO panel upheld a decision condemning the tax breaks, affirming previous judgments that the so- called Foreign Sales Corporation, or FSC, law breached global trade rules by giving illegal subsidies to some U.S. businesses.
Tax breaks? I don't think so. These are not taxes. These are subsidies that support a way of life that is foreign to Americans; it's like a MAJOR nationwide UNION vs. America.
Oh wait. Europe is a UNION. LOL.
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