Using the anti-terrorist hysteria whipped-up by the monopoly-controlled media over the last two weeks, Clinton, Chieftain of U.S. imperialism, signed into law yet another act to punish other countries for doing business with states that U.S. imperialism does not like, in this case Iran and Libya. The new legislation is similar to the Helms-Burton law that attacks companies and countries around the world that have business relations with Cuba. Clinton created a media event by holding the signing in the Oval Office flanked by families that have lost relatives in various acts termed "terrorist" by the U.S. imperialists. He singled out Iran and Libya as "the most dangerous supporters of terrorism in the world." The new law imposes sanctions against any company, including non-U.S. ones, that invests $40 million or more a year in oil and gas projects in the two countries. The international news agencies report that the reaction in Europe was immediate, sharp and furious. "We reaffirm our determination to ensure that French interests are not affected and that any damage does not go without retaliation," French Foreign Ministry spokesperson Yves Doutriaux warned. He told the Americans that France and the 15-nation European Union would "strike back" against both the Helms-Burton law and the new one. He said further, "We reaffirm our determination to ensure that French interests are not affected and that any damage does not go without retaliation." He described the French position, "as a matter of principle for France and its European partners." The German Economics Minister, Guenter Rexrodt, said in a statement, "Threatening to impose extra-territorial sanctions against European companies investing in these countries...is the wrong path." A spokesperson for the German government called the new law "in breach of an international law and of agreements reached under the World Trade Organization." The British Foreign Office announced that the British government was consulting with other governments of the European Union (EU) and mentioned that retaliatory sanctions were being prepared by the EU. The European Commission (EC), which is the organization responsible for the EU's trade relations, said in a statement that the new U.S. law aimed at Libya and Iran was "unwelcome. It establishes the unwelcome principle that one country can dictate the foreign policy of others." In anticipation of Clinton signing the new bill the EC had already drafted a series of measures aimed at countering the U.S. legislation. These EC measures essentially forbid EU companies from cooperating with such laws, both the Helms-Burton Act and the new law. Sir Leon Brittan from Britain, who is vice-president of the EC, added his voice to the criticism of the new U.S. law stating "We do not believe...the law goes in the right direction. It establishes the unwelcome principle that one country can dictate the foreign policy of others." The Libyan news agency JANA said in an editorial that the new U.S. law "underlines American policy based on narrow self-interests which has hurt and will certainly hurt the interests of the American people in particular, and those it calls its allies in general." Clinton has used the crash of the TWA flight 800 and the bomb blast in Atlanta to intensify U.S. imperialism's propaganda against what they call "rogue" states, those states that are attempting to steer an independent path outside of U.S. control. The U.S. imperialists are also openly accusing Iran of being responsible for the recent bombing of a U.S. military installation in Saudi Arabia. The new legislation is part of U.S. imperialism's campaign for a unipolar world under its dictate. They wish to control the business activity of other countries.Their military presence and domination of the strategic Persian Gulf, and their control of the main source of the world's oil throughout the Middle East are crucial for the success of their plans to weaken their imperialist competitors and increase their own grip on Asia. This activity has brought them into sharp conflict with other imperialists, in particular those in Europe. The bitter words from Germany and France, and the increasingly annoyed tone from Britain indicates that the contradictions with U.S. imperialism are rapidly becoming acute. Shawgi Tell University at Buffalo Graduate School of Education [EMAIL PROTECTED]