[Homestead] Series of tariff scams
tvoivozd at infionline.net
Tue Aug 31 20:40:47 EDT 2004
Dum-dums never learn, never stop make the same stupid mistake over and
over and over forever.
First it was the idiot tariff on Canadian lumber, then the tariff on
imported steel, then the tariff on shrimp from Vietnamese and
Thailand shrimp farms.
The U.S. "Anti-dumping Law" is a witches brew bearing no relationship to
a foreign country dumping products on the U.S. below the cost of
production or below the price producers charge in their own country.
Bush keeps beating this dead horse so the WTO, Europe and Asia can
retaliate against any and all U.S. products that suit their fancy. Is
there no end to the ways he will damage the U.S. Economy? What the hell
is this yo-yo thinking of , or is he too stupid to think at all?
Aug 31, 2004
WTO Authorizes Sanctions Against U.S. Over Antidumping Rules
By Paul Ames
Associated Press Writers
BRUSSELS, Belgium (AP) - World Trade Organization arbitrators Tuesday
authorized the European Union and other leading U.S. trade partners to
impose sanctions against the United States in response to antidumping
The decision by the WTO in Geneva allows the complainants to fine the
United States up to 72 percent of money collected under the Byrd
Amendment, which empowers Washington to levy fines against foreign
companies judged to be dumping goods on the U.S. market.
Those fines are then paid to rival American companies that filed
complaints against the foreign exporters.
The EU's trade commissioner, Pascal Lamy, indicated that the 25-nation
bloc may hold off before imposing sanctions. "This is a decision that
still has to be taken," he told reporters.
Besides the EU, global trade regulators backed the bids by Japan,
Brazil, Canada, Chile, India, South Korea and Mexico to impose
countermeasures against the U.S. law.
However, the complainants may prefer to use the threat of sanctions as a
"smoking gun" to force the United States to repeal the legislation more
quickly or to obtain concessions in other trade negotiations.
"Japan strongly hopes the United States will repeal the Byrd Amendment
at an early date, so that we can avoid invoking our right to take
countermeasures," Japan's economy, trade and industry minister, Shoichi
Nakagawa, said in Tokyo.
Nakagawa was quoted by Japan's Kyodo News service as saying that if the
United States refuses to repeal the Byrd Amendment, Japan will ask the
WTO to approve, "possibly this fall," specific retaliatory measures.
U.S. officials pointed out that the WTO's ruling fell short of the
requests of the complainants, who had sought the right to increase
import tariffs on selected U.S. goods by the total amount collected in
fines against their exporters in the previous year.
"The arbitrators' determinations fell far short of the amount requested
by the complaining parties," U.S. trade spokesman Christopher Padilla
said in a statement.
He said the Bush administration would work with Congress to comply with
the WTO "in a way that supports American jobs and American workers."
Named for its sponsor, West Virginia Senator Robert Byrd, the 3-year-old
amendment primarily benefited American steel manufacturers. Other
recipients include makers of pasta and candles.
The WTO ruled the measure illegal in 2002, backing claims that it
punishes exporters to the United States twice because they are fined
first, and then those fines are passed on to their competitors.
Padilla said the ruling would not affect Washington's powers to impose
duties on countries that unfairly dump cut-price goods on U.S. markets,
since the Byrd Amendment only concerns how those duties are disbursed.
The WTO had given the United States until the end of last year to change
the law, but although the Bush administration recommended the amendment
should be repealed, U.S. Congress has yet to make the changes.
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