EU May Impose 4 Billion Sanctions on U S Trade
The WTO says the EU can sanction up to 4 billion dollars over US tax breaks for abroad operations. Brussels vows to target textiles food automotive parts and nuclear reactors if Washington does not repeal the policy. Washington says the decision will be moot once compliance is achieved.
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Taiwan leader defends one country on each side remark
Taiwan’s president Chen Shui-bian defended his August speech claiming Taiwan and China are separate entities, saying he cannot agree Taiwan is part of China and that his comments were carefully considered. He spoke during a tea party with Taiwanese media executives amid Beijing threats.
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