It's not just our military intent the world distrusts
Quote of note:
The contested law allows American companies to receive proceeds from duties levied on foreign rivals for alleged "dumping" -- selling goods at below-market prices, making it impossible for American producers to compete.
The WTO backed claims that the amendment breaks trade laws by punishing exporters to the United States twice because they are first fined, and then those fines are passed on to their competitors.
WTO Approves Sanctions on U.S. Exports
By Jonathan Fowler
Associated Press Writer
Friday, November 26, 2004; 1:11 PM
GENEVA -- The World Trade Organization on Friday approved sanctions on a wide range of American exports intended to punish the United States for failing to repeal what it considers protectionist legislation. The Bush administration indicated it would live with the new duties.
"It's been approved," said Amina C. Mohamed, Kenyan ambassador to the WTO and chairwoman of the organization's dispute settlement body.
The European Union and other plaintiffs sought formal WTO authorization to retaliate by imposing new duties against various U.S. products. Among the potential targets are cod, textiles, glassware, mobile homes and apples.
