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<a href="http://www.accessmylibrary.com/article-1G1-112356032/eu-rising-though-some.html" title="Facts and information about EU rising: though some believe the EU is in decline, actually it is fast becoming a global force strong enough to enforce WTO rulings and influence America's economic policies.(Sovereignty)">EU rising: though some believe the EU is in decline, actually it is fast becoming a global force strong enough to enforce WTO rulings and influence America's economic policies.(Sovereignty)</a>
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EU rising: though some believe the EU is in decline, actually it is fast becoming a global force strong enough to enforce WTO rulings and influence America's economic policies.(Sovereignty)
In November, the World Trade Organization (WTO) ruled that the 30 percent tariff President Bush imposed on imported steel in March 2002 violated inter national trade rules and was therefore illegal. The WTO, however, had no way of enforcing its ruling by itself. So the European Union (EU), acting on behalf of the WTO, rose up to enforce that organization's ruling against the U.S. for the supposed purpose of leveling the economic playing field for Europe.
Soon after the WTO ruling, the EU began mobilizing against the U.S., threatening to implement $2.2 billion worth of retaliatory tariffs if the Bush administration failed to abide by the trade body's wishes. It ...
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