BUSINESS
03/18/2010 05:12 am ET Updated May 25, 2011

Taiwan Bans U.S. Beef, Threatens Trade Relations

The U.S. government "deeply regrets" parliament's decision to reinstate the ban over widespread fears of mad cow disease, Washington's de facto embassy said in a statement, hinting at a chill in U.S. support for Taiwan's World Trade Organization role.

Taiwan's handling of the issue has caused confusion for U.S. beef exporters in their sixth-largest market by value, worth $114 million as of the end of October compared to overall U.S. exports valued at $14.5 billion for the first 10 months of last year.

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