by Roger Russell The failure of the House and Senate to pass legislation repealing the current export breaks for U.S. manufacturers in the tax code have resulted in the imposition of World Trade Organization sanctions on a variety of American goods.

Effective March 1, European Union members have imposed tariffs of 5 percent on over 1,600 U.S. products, including grain, timber, paper and manufactured goods. The tariffs will increase by 1 percent a month up to 17 percent, or until Congress acts to eliminate what the European Union calls “illegal export subsidies.”

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