Raising the transatlantic trade stakes / Raising the transatlantic stakes

Commentary feature which examines the likely repercussions of the 14 January 2002 World Trade Organisation ruling on Foreign Sales Corporations. The four-year battle over a US corporate tax law is the biggest yet adjudicated by the WTO. The European Union says the law gives US exporters illegal subsidies worth $4bn a year and has threatened sanctions of similar value on US exports unless it is changed.