Speaking on Wednesday, a spokesman for the EC revealed that the European Union may agree to forgo the first round of retaliatory sanctions, if the US exclusions to the steel import taxes imposed earlier this year are deeemed to be sufficient.
The 15 nation bloc has drawn up two lists of US products to be targeted by import tariffs in response to President George Bush's 'protectionist' steel tax. The EU authorities are set to examine on July 19 the exemptions put in place by the United States, and if dissatisfied, could begin imposing sanctions by the beginning of August.
Talking to the AFP news agency on Wednesday, Anthony Gooch revealed that the European Union is doing its best to keep an open mind:
'The United States knows that we will make a report to EU member states on July 19, presenting them with recommendations on the strategy to be followed,' he said, adding that if the EU has been granted 'substantial' exemptions, the US government could be given 'the benefit of the doubt'.
In the event that this occurs, according to the EC spokesman, the issue of EU retaliatory sanctions will be reviewed again in October.
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