Industry News
Brazil Authorized to Impose $294.7 Million in Tariffs Against U.S. Goods in Cotton Dispute
TweetSeptember 1, 2009
The World Trade Organization (WTO) announced Monday that
The WTO arbitrators stated that
However, the arbitrators found that
After the announcement, Brazilian authorities claimed that while they cannot cross-retaliate for 2006 or 2007, so far in 2009 they are entitled to about $800 million in counter-measures, well past the threshold required to cross-retaliate.
The ability to cross-retaliate by suspending non-tariff concessions (such as suspending trademarks, copyrights, patens and market access for U.S. service providers) is viewed as an effective tool by developing countries who cannot punish the U.S. for unfair trade practices with higher tariffs without damaging their own companies.
Brazilian officials has not indicated what