Common Markit I Trade War' with United States

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The following report appears in the July issue of the Zuropean Commnity Bulletins

The Common Market Council of Ministers decided on June 5 to raise tariffs on 5 products in retaliation for the inersase in duties imposed by the U.S. on imports of wool-carpets and glass into the United States. The 5 U.S. Products with a Common Market import volume of about $27 million, are polythene, polyesters, synthetic fibres, artificial fibres, varnishes and watercolours. The new rates will come into force on August 1, a little over a month after the new U.S. rateSeseeeeeCOmmon Market President Walter Hallstein, speaking at a press conf erence in New York on June 12, said that Belgium had been particularly hit by the action of the US Government. "This has caused Belgium a considerable loss and produced unemployment in her glass industry...."