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EU trade sanctions (not political)

Discussion in 'Off Topic [BG]' started by bmc, Apr 4, 2005.


  1. bmc

    bmc

    Nov 15, 2003
    Switzerland
    Just wondering the if the planned trade sanctions of 15 percent on selected American products includes musical instruments. I can't find a definitive list.

    Anybody know?

    (Note to moderators...go ahead and nuke this if you think this is inappropriate...no intention to start anything..just curious)
     
  2. Vorago

    Vorago (((o)))

    Jul 17, 2003
    Antwerp, Belgium
    hmm, that would really be a bummer,american brands are already almost twice as expensive as they are in the US in Europe.
     
  3. bmc

    bmc

    Nov 15, 2003
    Switzerland
    :( exactly my point for raising it.
     
  4. I'm honestly not very knowledgable on this so I could very well be wrong. Part of it could be the strong euro/weak dollar which is going to hurt the European economy in the long run. By limiting the import of american goods the european market will be forced to supply itself from local sources keeping the money in Europe.
     
  5. bmc

    bmc

    Nov 15, 2003
    Switzerland
    Check CBC's website. Canada is also imposing tariffs, as well as a number of other countires, on a range of products. This deals with the Byrd amendment that was struck down by the WTO in 2003, I believe.
     
  6. Thor

    Thor Moderator Staff Member Gold Supporting Member

    That is pretty much it, it is a WTO versus USA political
    tit-for-tat.

    The Byrd Amendment allows US companies to directly
    benefit from countervailing duties or trade sanctions imposed
    by the ITC ( International Trade Commission) of the US DOC
    ( Dept of Commerce ) on goods US companies have sued
    to have labelled as being dumped, ie sold in the US market
    at less than the home market prices, or government
    subsidized to unfairly compete with US producers.

    As an example, a major case went forward last year with
    a group of US companies, the Southern Shrimp Alliance suing
    shrimp importers over cheap shrimp imports, targeting
    Vietnam, China, Thailand and other producing nations in
    Asia. The ITC found for the US companies and assigns a
    duty on a case by case basis. The duties agreed on
    by the WTO participants target US commodities and industries
    sensitive to their export pricing, in order to get them to
    force a political change to the Byrd Amendment. However,
    US lawmakers often dig in their heels when being dictated to
    by others, they are used to doing the dictating. The US
    Senate does not accede to the concept that laws passed
    here are 'struck down' by anyone else.

    I can't really discuss the ramifications further with out going
    into lounge mode, and since I consider political discussions
    with bass players to be the lowest form of human
    intellectual endeavor, will leave it at that.
     
  7. bmc

    bmc

    Nov 15, 2003
    Switzerland
    http://news.yahoo.com/news?tmpl=story&u=/cpress/20050331/ca_pr_on_na/cda_us_retaliates

    The Byrd amendment effectively offered unfair subsidies to US companies and was declared unfair trade practice.

    Ottawa announced it will slap a 15 per cent surtax on cigarettes, oysters, live swine and some fish imports from the U.S., effective May 1.

    Total duties, including those imposed by the EU amount to $150 million. I just can't find the product list the EU is considering.

    The upside, on a selfish note, is that Switzerland is not part of the EU, so we won't be affected anyhow.
     
  8. bmc

    bmc

    Nov 15, 2003
    Switzerland
    That's classic. LMAO. You should put that in your signature. That's great.

    This won't be a political discussion. I just want to know if musical gear is going to make it on the list.
     
  9. Thor

    Thor Moderator Staff Member Gold Supporting Member

    I don't recall seeing it on the list, and would be very
    surpised if it did, considering the bulk of it is form China,
    Korea or Mexico.

    Now slapping a tarrif on a chicken producer, or a cheese
    producer puts the hurt on and some local Senator is going
    to get a phone call from a producer.

    As far as the quote, I am not gauche enough to
    quote myself, in my own sig! :smug:
     
  10. bmc

    bmc

    Nov 15, 2003
    Switzerland
    I saw pork on the list for Canada and it reminded me of a great billboard Saskatchewan Pork producers had out about 10 years ago. It featured a picture of a couple standing behind a barbecue with the woman hanging off her man. The slogan read:

    Pork. The one you love.

    I wonder if the EU would have a bundle of electronics goods, but you're right, they are targeting products/states that will get the right people excited.