
Trade Issues | |
Banana War Claims U.S. Victims |
Trade experts say the Clinton administration's imposition of tariffs on 15 European products -- ranging from cheese to handbags to coffeemakers -- has unwittingly damaged some U.S. manufacturers, farmers and businesses. The tariffs are being imposed in retaliation for some European countries' policies favoring imports of bananas grown in their former Caribbean colonies. U.S. companies which own manufacturing facilities in targeted countries and industries -- from which they import their own products for sale in the U.S. -- are most affected.
Trade experts say the increasing integration of the world's economies makes it almost impossible for the U.S. to launch a trade war without somehow shooting itself in the foot. Source: James Cox, "Punitive Actions by U.S. Felt Worldwide," USA Today, March 11, 1999. For more on Tariffs and Other Trade Barriers http://www.ncpa.org/pd/trade/trade8.html |