A Civil War Within a Trade Dispute

Old Blog Import

What began as an obscure trade dispute between Europe and the United States has turned into a political brawl over $100 billion in corporate tax breaks that pits many of America’s biggest companies against one another.


Business interests are so divided and the corporate intrigue so intense that Congress has become all but paralyzed over the issue. Indeed, many of Washington&#8217;s high-priced tax lobbyists have clients on both sides of the fight.<br /> <br /> &#8230;

But if the United States refuses to eliminate or fundamentally change the break, it could ignite a trans-Atlantic trade war. The European Union is entitled to impose up to $4 billion in retaliatory tariffs on American exports