New York Times and the US/EU Biotech War

In announcing the beginning of a biotech trade war with the European Union on the front page today, the New York Times claims that if the EU dropped its ban on biotech crops that "American companies would export $300 billion more in corn each year than they do now." That seems very unlikely since total U.S. exports of goods to the EU in 2001 totaled a mere $156 billion.