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EU Proposes Sanctions in Anti-Dumping Dispute with US

The European Union is proposing to slap sanctions on U.S. exports in a dispute over a controversial U.S. anti-dumping law.

The EU is considering additional duties of up to 15 percent as of May 1, affecting such products as paper, textiles, machinery and farm produce.

The proposal is aimed at punishing Washington for not repealing an anti-dumping law ruled illegal by the World Trade Organization.

The law is known as the Byrd Amendment. It allows American companies to collect money from special duties on foreign goods that are found to be either illegally subsidized or dumped on the U.S. market.

Some information for this report provided by AFP and Reuters.