U.S. To Suspend Tariff Concessions On EU Products Valued At $191.4 Mil.
This article was originally published in The Rose Sheet
Executive Summary
World Trade Organization arbitrators have affirmed the U.S. position in the ongoing debate over the European Union's banana regime and determined the EU's "WTO-inconsistent" regime has caused a loss of $191.4 mil. on U.S. exported goods and services on an annual basis, the U.S. Trade Representative's office announced April 6. The U.S. had estimated the value of the imports to be approximately $520 mil.