The European Union will not go ahead with the threatened imposition next Dec. 15 of punitive supplemental tariffs of up to 30 percent on sunglasses, goggles, eyewear frames and components imported from the USA. It was going to apply the extra tariffs on these products and many others worth a total of $2.3 billion a year after the World Trade Organization backed a complaint lodged by the EU, Japan, China, South Korea, Norway, Brazil, Switzerland and New Zealand against tariffs of between 8 and 30 percent that the USA had imposed in March of 2002 on a variety of steel products.The US government had already cut back the tariffs on half of its steel imports last year. Considering in part the fact that the recent weakness of the dollar is protecting the US steel industry in different ways, the US government agreed to rescind the remaining steel duties.