EU lifts sanctions against US

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Brussels, Belgium - The European Union's top trade official said on Monday he would move to lift millions of dollars in punitive tariffs on US goods after Washington repealed corporate tax breaks that were ruled illegal by the World Trade Organisation.

"We shall be putting an end to our sanctions," said EU Trade Commissioner Pascal Lamy.

But the two-decade trans-Atlantic fight will continue because of EU concerns about loopholes in the bill signed into law by President George W. Bush last week.

News24