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Short Take: WTO reverses tariff ruling on networking equipment

In a blow to networking companies such as Cisco and Bay Networks, an appellate body of the World Trade Organization has reversed an earlier ruling that relaxed some tariffs imposed by European Union countries, Bloomberg reported. The reversal means European nations may classify networking equipment as telecommunications devices, potentially subjecting them to much higher tariffs.

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In a blow to networking companies such as Bay Networks, an appellate body of the World Trade Organization has reversed an earlier ruling that relaxed some tariffs imposed by European Union countries, Bloomberg reported. The reversal means European nations may classify networking equipment as telecommunications devices, potentially subjecting them to much higher tariffs.