Economy - Monday (Investor's Business Daily)

[riky]

Economy - Monday
    (Investor's Business Daily)

 


Investor's Business Daily - America lost its final appeal in a billion-dollar trade dispute with Brazil over subsidies to U.S. cotton growers at the World Trade Organization. The ruling lets Brazil seek WTO approval for more than $1 bil a year in sanctions on U.S. imports until Washington scraps the payments. President Bush, who vetoed a $290 bil farm bill that was overturned by Congress in May, called the ruling "very disappointing." The ruling, and lack of a new global trade deal, makes more WTO suits vs. farm subsidies likely.


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