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  • From: "Toni Hawryluk" <tonihawr AT msn.com>
  • To: "Homestead mailing list" <homestead AT lists.ibiblio.org>
  • Subject: [Homestead] well, it's "just" money. Yeah. Right.
  • Date: Fri, 26 Nov 2004 11:10:27 -0800

http://www.msnbc.msn.com/id/6588963/<http://www.msnbc.msn.com/id/6588963/>
>From tonihawr AT msn.com Fri Nov 26 14:24:02 2004
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Subject: [Homestead] new duties against exports, and remember this :
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- - - a lotta untested *beef* is no longer *being* exported *because*

it's *not tested* ... how many ways are there to break this country ?

I dunno, but the __it in the Wh___ House is finding 'em all ...



http://www.msnbc.msn.com/id/6589448/<http://www.msnbc.msn.com/id/6589448/>



Stiff trade sanctions against U.S. approved

Apples, textiles, mobile homes among affected items

The Associated Press

Updated: 1:02 p.m. ET Nov. 26, 2004

GENEVA - The World Trade Organization gave the go-ahead Friday for punitive
sanctions on U.S. exports from lobsters to industrial equipment because
Washington has yet to comply with a two-year-old order to repeal a trade law
that uses penalties collected from foreign manufacturers to aid their
domestic rivals.

"It's been approved," said Amina C. Mohamed, Kenyan ambassador to the WTO,
who is chairwoman of the organization's dispute settlement body.

The European Union and other plaintiffs sought formal WTO authorization to
retaliate by imposing new duties against various U.S. products. Among the
other potential targets are cod, cigarette, textiles, glassware, mobile
homes, apples and lentils.

The EU has made clear that the carefully chosen products were aimed at
influential parts of the United States that "could help Congress focus its
mind on compliance."

On the EU list was heavy machinery made by companies like Caterpillar Inc.,
which is based in Illinois, the home state of U.S. House Speaker Dennis
Hastert.

Their value has yet to be determined, but trade officials have said they
could amount to more than $150 million a year. That's tiny in comparison with
the $2 billion (1.5 billion euros) in sanctions the EU threatened in its
successful bid to force the United States to lift illegal tariffs on foreign
steel last year.

The U.S. steel industry has been the major beneficiary of the 2000 law,
dubbed the Byrd amendment for its sponsor, West Virginia Sen. Robert Byrd,
D-W.Va. Other recipients included makers of pasta and candles.

The law was ruled illegal two years ago by the 148-nation WTO - which
referees global commerce - on the basis of a complaint by eight WTO members:
the EU, Brazil, Canada, Mexico, South Korea, Japan, India and Chile.

"The United States cannot point to any progress for the repeal of the Byrd
amendment," even though Washington "has received ample time to bring itself
into compliance," Canadian trade official Rambod Behboodi said.

The contested law allows American companies to receive proceeds from duties
levied on foreign rivals for alleged "dumping" - selling goods at
below-market prices, making it impossible for American producers to compete.

The WTO backed claims that the amendment breaks trade laws by punishing
exporters to the United States twice because they are first fined, and then
those fines are passed on to their competitors.

"Japan cannot overlook this disregard by United States of its obligations
under the WTO," said Japanese trade diplomat Keiichi Higuchi.

More than $800 million has gone to U.S. firms since 2000 and a new round of
payouts which started Oct. 1 could total $290 million, officials said.

In August, a WTO arbitrator approved penalties of up to 72 percent of the
money collected from foreign exporters and handed to American companies and
said the winners in the case should submit lists of potential targets. Under
WTO rules, however, formal authorization must come from the dispute
settlement body.

On Tuesday, new EU trade chief Peter Mandelson said the sanctions could be
applied early next year.

The EU, Japan, South Korea, India and Canada have submitted lists of exports
that could be sanctioned.

EU trade official Raimund Raith told the meeting that Brussels wants the Bush
administration to "transmit this message to Congress" and defend "U.S.
credibility in the WTO."

The Bush administration indicated Friday that it would live with punitive new
duties imposed by the World Trade Organization against U.S. products, even as
it fights relentlessly to protect America's interests.

"We are continuing to work with Congress to bring the U.S. into compliance
and we are consulting with our trading partners on these efforts," said
Richard Mills, spokesman for U.S. Trade Representative Robert Zoellick.
Officials already notified the WTO that "we intend to comply with our
international obligations in this matter."

"It's important to remember that these issues do not affect the ability of
the United States to continue enforcing our trade laws to make sure Americans
are being treated fairly," Mills said.

Copyright 2004 The Associated Press. All rights reserved. This material may
not be published, broadcast, rewritten or redistributed.





  • [Homestead] well, it's "just" money. Yeah. Right., Toni Hawryluk, 11/26/2004

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