To exempt certain small businesses from the increased tariffs and other retaliatory measures imposed against products of the European Union in response to the banana regime of the European Union and its treatment of imported bovine meat.

Exempts an importer with under 100 employees during the two preceding calendar quarters from increased tariffs and retaliatory actions with respect to European Union (EU) goods subject to increased tariffs announced by the United States Trade Representative on March 3, 1999, in response to the EU banana regime, and on March 22, 1999, in response to the EU ban on imports of U.S. beef that has been treated with safe hormones, or any other such increased tariffs or retaliatory actions imposed in response to such EU actions. Applies such exemption to that quantity of an article which does not exceed 125 percent of the quantity of the same article that is a product of the EU and was imported by that importer during the preceding calendar year.