{ "id": "RS21223", "type": "CRS Report", "typeId": "REPORTS", "number": "RS21223", "active": false, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 103648, "date": "2002-09-26", "retrieved": "2016-05-24T20:04:27.093941", "title": "U.S.-EU Trade Tensions: Causes, Consequences, and Possible Cures", "summary": "The United States and the European Union (EU) share a large and mutually beneficial trade and\ninvestment relationship. Given a huge volume of commercial interactions, trade tensions and\ndisputes are not unexpected. In the past, periodic episodes of rising trade tensions and even threats\nof a trade war have been followed by successful efforts at dispute settlement. This ebb and flow of\ntrade tensions has occurred again this year with highly publicized disputes involving steel and tax\nbreaks for U.S. exporters. Both disputes have been characterized by mutual feelings that the other\nside has taken actions that are unreasonable and inconsistent with the rules of the World Trade\nOrganization (WTO). Moreover, both Washington and Brussels have played hardball in crafting\nretaliation lists aimed at influencing each other's domestic political process. While fears of an all-out\ntrade war usually are exaggerated, the trade disputes may impede U.S.-EU cooperation in other\nareas. A number of ways have been suggested to diffuse current trade tensions including greater\nreliance on compensation as opposed to retaliation and greater emphasis on diplomatic as opposed\nto legalistic solutions to disputes. While potentially helpful, the fact that some of these high-profile\ndisputes have been unresolved for decades suggests the difficulty of finding permanent solutions.\nCongress has a strong interest in these disputes and plays a significant legislative role, particularly\non the export subsidy issue. This report will be updated as events warrant.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS21223", "sha1": "4954ea425371eebc284537d02c29c297fd1b5d97", "filename": "files/20020926_RS21223_4954ea425371eebc284537d02c29c297fd1b5d97.pdf", "images": null }, { "format": "HTML", "filename": "files/20020926_RS21223_4954ea425371eebc284537d02c29c297fd1b5d97.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs3111/", "id": "RS21223 2002-05-21", "date": "2002-05-21", "retrieved": "2005-06-11T19:24:44", "title": "U.S.-EU Trade Tensions: Causes, Consequences, and Possible Cures", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20020521_RS21223_52dab23b8a82f9797fb76be1f4465848382879b5.pdf" }, { "format": "HTML", "filename": "files/20020521_RS21223_52dab23b8a82f9797fb76be1f4465848382879b5.html" } ], "topics": [ { "source": "LIV", "id": "Foreign policy", "name": "Foreign policy" }, { "source": "LIV", "id": "Foreign economic relations - European Union - U.S.", "name": "Foreign economic relations - European Union - U.S." }, { "source": "LIV", "id": "Foreign economic relations - U.S. - European Union", "name": "Foreign economic relations - U.S. - European Union" }, { "source": "LIV", "id": "International affairs", "name": "International affairs" }, { "source": "LIV", "id": "Trade", "name": "Trade" } ] } ], "topics": [ "Foreign Affairs", "Industry and Trade" ] }