Trading Tensions.(relationship on international trade between the United States and the European Union)(Brief Article)

Europe, April, 2001 by Andrews, John

What to do when elephants Fight?

When elephants fight, the ground shakes and lesser animals take cover.

Assume the United States and the European Union are roughly equal elephants in the world of trade, and it clearly matters that their quarrels should be trivial and quickly forgotten. After all, it was not just anti-globalization protesters who scuppered the December 1999 Seattle meeting of the World Trade Organization, it was also the different agendas of the US and the EU. Indeed, if their differences persist, or worsen, the chances for renewing the "Millennium Round" will be poor. So how are the trading tensions across the Atlantic?

The optimistic answer is that they are normal and will improve thanks to the presence of a Republican...

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