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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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051589
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05158900.025
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1990-09-22
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WORLD, Page 51World NotesEUROPEAN COMMUNITYNibbling at the Beef over Beef
What's a little artificial fattening between friends? When the
twelve-nation European Community banned the import of
hormone-treated beef last January, claiming possible health
hazards, American cattle ranchers were furious. They saw it as
merely a protectionist maneuver to keep nearly $100 million in U.S.
beef each year out of European shops. The U.S. Government
retaliated by slapping 100% tariffs on a variety of E.C. exports
worth roughly $100 million a year.
Some feared that the battle could escalate into a full-blown
trade war. But tempers cooled last week when the two sides reached
an interim agreement. The U.S. is resuming shipments of untreated
beef, totaling $15 million annually, which the E.C. had included
in the ban because U.S. inspectors refused to certify that it was
in fact untreated. In turn, the U.S. tariffs on E.C. goods will be
scaled back. Trade Representative Carla Hills said that while the
interim agreement was a positive step, the U.S. still feels that
the E.C.'s import ban is "an unjustifiable restriction on trade."