Posted on 03/08/2010 4:46:48 PM PST by Hoodat
Brazil moved on Monday to raise tariffs on a wide range of American goods, potentially igniting a trade war with the US over cotton subsidies after eight years of litigation at the World Trade Organisation.
The decision takes effect next month, starting a 30-day period during which US and Brazilian officials will attempt to negotiate a solution to the dispute.
Gary Locke, US commerce secretary, and Michael Froman, deputy national security adviser for international economic affairs, are due to arrive in Brazil on Tuesday. The cotton dispute is expected to be raised in meetings with government officials.
Under the Brazilian plan, duties would rise most steeply on cotton products. Many that are currently taxed at between 6 per cent and 35 per cent would be taxed at 100 per cent. The tariffs on beauty products would double, from 18 per cent to 36 per cent. Duties on household goods such as cookers, refrigerators, TVs and video cameras would also double, from 20 per cent to 40 per cent. Duties on cars would rise from 35 per cent to 50 per cent.
Brazil is allowed to impose the tariff increases worth $560m after winning a case at the WTO last year. Brazil challenged the legality of direct subsidies to US cotton farmers to protect them against fluctuations in global prices and a loan guarantee programme for international buyers of US cotton.
(Excerpt) Read more at ft.com ...
These people must hate America first. The solution is to nuke Rio now! If they don’t relent, use some nuclear cleaner on that open sewer Sao Paolo! And so on! This is America! We’re AT WAR!
Wonder when all the Liberal Free Trade Globalists are going to start whining about “isolationism...protectionism”....the usual crap Free Traders spew when the US must act when another nation does not follow the Liberal Free Trader Globalist playbook.....actually none of the nations that the US “Free Trade” with practice Free Trade.
Slap tariffs on Brazil....whack them harder than they will do to the US. Of course, the Liberal free Trader Globalists will whine....but hey....you tend to whine like a liberal when you agree with the below-listed people on an issue...as all these agree on Free Trade....
George Soros
Jimmy Carter
Noam Chomsky
Bill Clinton
Hillary Clinton
Barbara Boxer
and...of course....AL GORE
I guess free trade isn't cheap :)
Oranges, OJ, bananas, coffee, sugar, ethanol, that and more.
Having spent some time there, I can say it was the most welcoming and least threatening country aside from Singapore, I had been to. The people like us, the lefty GOV., who knows or cares. The Brazillian people love American stuff. They need our oil technology. They have lots of buying power. With nuty Lula and nuty nobama running our ships, its a damn wonder we aren’t shooting.
You were joking...correct? (please be joking, please be joking)
Build the house - check. Build the shop - OK, that's next. Bring the SAR cutter back into shape - sometime soon. Fly the plane back from Brazil ...
More at: http://seamaxusa.com/
As the wife of a man who lost his job of 27 years and watched my entire community crumble when the textile/cotton mills moved to Brazil... I want to give a big fat neener neener neener to all involved.
Cheap labor is great as long as the new home nation doesn’t tax you out of competition, huh?
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