Yahoo! News – ‘Sad day’ as EU imposes sanctions on US goods: “The aim is to force the US Congress to change the foreign sales corporation provision (FSC), which grants tax breaks to US exporters and was ruled illegal by the World Trade Organisation in 2002.
But to John Disharoon, vice president of the trade committee at the American chamber of commerce to the EU, Monday is simply ‘a sad day for trade relations between the US and Europe’. He says: ‘Nobody wants to see sanctions. It adds to the negative climate.’ “