Earthlink News WTO OKs U.S. Sanctions Over Dumping Rules
BRUSSELS, Belgium - The World Trade Organization authorized the European Union and seven other leading U.S. trading partners Tuesday to impose more than $150 million worth of sanctions against the United States for failing to repeal anti-dumping rules deemed illegal by the WTO.
The ruling by the Geneva-based organization allows the complainants to fine the United States up to 72 percent of money collected from foreign exporters under the so-called Byrd Amendment.
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because they are today a grateful rich democracy
However, the EU and the other complainants - Japan, Brazil, Canada, Chile, India,
South Korea and Mexico - indicated they would hold off from imposing sanctions. Instead, they are likely to use the threat of retaliation to press the U.S Congress for an early repeal of the legislation.