Brazil Plans $4B Sanctions On U.S. After WTO Ruling

Law360, New York (June 4, 2008, 12:00 AM EDT) -- Brazil could hit the United States with $4 billion in trade sanctions after the World Trade Organization ruled Monday that the U.S. government has not done enough to comply with a 2004 order to cut aid to U.S. farmers.

The WTO ruled in December that the subsidies to U.S. cotton growers breach international trade rules and put farmers in Brazil and other countries at a serious disadvantage. The U.S. appealed that decision, but the WTO rejected the appeal on Monday.

“The U.S. failed to comply with...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.