~ PICKY PICKY!! Brazil Slaps Trade Sanctions On US Over Cotton Dispute...!! ~

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~ PICKY PICKY!! Brazil Slaps Trade Sanctions On US Over Cotton Dispute...!! ~

~ From the article:

The Brazilian government has announced trade sanctions against a variety of American goods in retaliation for illegal US subsidies to cotton farmers.

The World Trade Organization (WTO) approved the sanctions in a rare move.

Brazil published a list of 100 US goods that would be subject to import tariffs in 30 days, unless the two governments reached a last-minute accord.

It said it regretted the sanctions, but that eight years of litigation had failed to produce a result.

It said it would raise tariffs on $591m (£393m) worth of US products - from cars, where the tariff will increase from 35% to 50%, to milk powder, which would see a 20% increase in the levy.

Cotton and cotton products would be charged 100% import tariff, the highest on the list.

~ The website:

[link to news.bbc.co.uk]

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