The EU claimed a major victory over the US yesterday (4 December) when US President George W Bush announced a withdrawal of American steel tariffs, ending a long-running dispute between the World's two largest trade blocs.
The tariffs were declared illegal by the World Trade Organisation (WTO) in a final ruling last month and the EU was poised to introduce retaliatory tariffs worth over 2 billion euro on politically sensitive goods.
But a trade war was averted ahead of the 15 De...
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