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Couple of years ago, US administration (Bush) increased tariffs on some products. EU commision took it to WTO and got a license to counter. It then raised tariffs on key products exported by swing states. US quickly backed down.

It was a short trade war which I remember mostly by the tariff on swedish gingerbread cookies.

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by A swedish kind of death on Mon Jan 7th, 2008 at 07:01:01 AM EST
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Yes, I remember that. I think it was only the threat of retaliatory duties that made the US back down.
by nanne (zwaerdenmaecker@gmail.com) on Mon Jan 7th, 2008 at 07:13:51 AM EST
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It was mainly about steel, as I remember it. The tariffs did last for about two years and did their job for Bush, politically.
by nanne (zwaerdenmaecker@gmail.com) on Mon Jan 7th, 2008 at 07:19:01 AM EST
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