Starting this week, American gourmets may find the prices of imported goods such as Roquefort cheese, truffles, and goose pate skyrocketing, as the United States's stiff penalty tariff on European exports goes into effect. This week's In The News looks at looks at the history of, reasoning behind, and effects of these tariffs. In 1988, the European Union banned the import of US beef, citing that hormones injected into the animals could cause cancer. Earlier this year, however, the World Trade Organization ruled that the EU's reasoning for the ban was unfounded and allowed the US up to $116.8 million a year of penalty tariffs on European Union exports. The following seven resources provide documents, news, background information, and commentary on this issue.
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