Eu Retaliatory Trade Barriers Go Up ; Dollar Slump Blunts Impact On U.S. Firms

Summary


Northland Forest Products was selling as much as $100,000 worth of lumber to Europe each month in 2003 and early this year. But on March 1, the European Union put up new trade barriers against more than 1,000 U.S. products, including one of Northland's lumber lines.

"Since March 1, I haven't sold one stick of it," said Rob Cumbia, international sales manager for the Kingston, N.H., company.

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Eu Retaliatory Trade Barriers Go Up ; Dollar Slump Blunts Impact On U.S. Firms

The trade barriers that started at 5 percent in March are increasing by one percentage point a month, up to 7 percent today . They are the result of a World Trade Organization ruling against the United States.

The WTO in Augus...

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