Friday, August 30, 2002 -- 8:43 AM ET ------------------------------------------------------------
W.T.O. to Allow Record $4 Billion Trade Sanctions Against U.S.
The World Trade Organization is said to have ruled today that Europe can impose a record $4 billion in trade sanctions against the U.S. in a tax dispute. The sanctions, expected to be officially announced at 10 a.m. ET, are 20 times the amount levied in any previous W.T.O. ruling.
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