I don't understand the details here (other tha that US-owned TNCs prevail over paternalistic gestures towards erstwhile colonies as a matter of course), but isn't this WTO judgement to the effect that the US may now impose tariffs against Euro-imports to the tune of the estimated amount potentially lost as a consequence of a non-free-trade arrangement. If memory serves, the figure was $400 million. If I've got this right, doesn't this seem a funny thing for a WTO to do? It's authorising tariffs, therefore 'market distortions', a defiance of 'comparative advantage', and a 'globalised' world. Wasn't expecting that from these particular quarters at all ... Does this mean every adjudged 'distortion' is responded to by a countering distortion from now on? Or have I (again) missed the boat entirely? Cheers, Rob. >I just read that the United States seems to have won the banana war. >Why do the European countries continue to follow the U.S. lead, when the >U.S. continues to throw its weight around in virtually every realm? > > >-- >Michael Perelman >Economics Department >California State University >Chico, CA 95929 > >Tel. 530-898-5321 >E-Mail [EMAIL PROTECTED]
