US loses cotton subsidies fight

[TechBear_Seattle]

Source: British Broadcasting Corporation

The US could face billions of dollars in trade sanctions for failing to scrap illegal subsidies paid to American cotton growers.

The World Trade Organisation ruling is a victory for Brazil's cotton industry and for West African states which say the payments harmed their producers.

Brazil hailed the ruling, saying US subsidies had hit world prices, hurting farmers in Brazil and elsewhere.

But US officials believe the payments comply with international trade rules.

Washington is expected to make an appeal against the ruling.


Read more: http://news.bbc.co.uk/2/hi/business/7046195.stm

[robcon]

1. Let's hope this happens for sugar as well.

Our sugar subsidies, resulting in a domestic price that is twice the world price, are a disgrace.

[jojo54]

2. Leave it the BBC

to give us the poop, the whole poop and nothing but the poop.

[TechBear_Seattle]

3. If you want news that points out the failures of the US government...

Don't bother looking to the US media. It really is that simple.