The US is at odds with the European Union over the issue of tariffs within
the tech sector.
America is accusing the EU of violating international trade laws by placing
tariffs on certain products deemed duty-free by the World Trade Organisation
(WTO).
US Trade Representative Susan Schwab claims that the EU has violated the
WTO's Information Technology Agreement, which relieves IT products of import
tariffs, by placing tariffs on flat-panel monitors, printer/fax machines and
internet-ready cable boxes.
Schwab estimates that the tariffs will unfairly cut into the $70bn industry
within the US.
The US is not alone in its concerns. Japan and Taipei have also joined in the
complaint against the EU.
"The EU committed to bind and eliminate duties on ITA products in its WTO
tariff schedules," said Schwab.
"We believe that these duties are inconsistent with the EU's commitments on
these products, and that they discourage technological innovation in the IT
sector."
The WTO is set to hear the dispute on 29 August.
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