Famous last words: “It will never be used against us.”

The European Union has asked the WTO for permission to retaliate against the United States with 100 percent taxes on U.S goods worth at least $4 billion a year. The E.U. is upset at the Foreign Sales Corporation structure which gives corporate giants like Boeing and Microsoft, among others, the ability to sell in Europe without paying U.S. taxes. They say it violates free trade rules. WTO agreed. Now the U.S. Senate must act on legislation repealing the FSC, which means the United States will have to alter laws to satisfy European competitors. Hmmm

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