US set to begin banana sanctions
Thursday 04 March 1999
The American government said it would demand bonds from US importers to cover the cost of 100 per cent import tariffs on a range of goods.
Peter Scher, the US negotiator for agriculture, said: "It is only after exhausting every opportunity thus far to try to resolve this dispute that we have reached this position."
The move was attacked by the European Union, which demanded immediate consultations, and accused the US of effectively implementing a sanctions regime. Sir Leon Brittan, vice president of the European Commission, described the US action as "unacceptable and unlawful".
The suspended 100 per cent tariffs will be on a range of luxury goods, from cashmere sweaters to chandeliers. Importers would be liable to pay the punitive tariffs if the WTO gave the go-ahead, said Mr Scher. The tariffs would be imposed on goods imported now, but would be paid retroactively once the ruling occurred, he added.
Washington argues that the EU banana import regime is unfair to South American distributors, most of which are owned by US companies, because it allows preferential treatment for former European colonies including the Windward Islands.
- 1 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 3 UK weather: Britain braced for snow as arctic air mass moves in
- 4 Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
- 5 'Isis' schoolgirls: Missing British teenager tweets picture of her Syrian takeaway
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Ian Brady: Moors murderer announces his support for Ukip and the SNP
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow as arctic air mass moves in
Power of Nepal earthquake was equivalent to 20 huge atomic bombs
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£20000 - £60000 per annum: Recruitment Genius: Are you recently QCA Level 4 qu...
£20000 - £22500 per annum + OTE £30K: SThree: SThree Group have been well esta...
£25 - 30k: Guru Careers: We are seeking an Application Support Analyst / 1st L...
£45K - £55K (DOE) + Benefits: Guru Careers: We are seeking a full stack .NET D...