Brazil Lists US Goods Eyed In WTO Cotton Ruling

Brazil's government Monday published a list of 222 U.S. products that may be subject to tariff increases as a result of a World Trade Organization ruling earlier this year condemning U.S. subsidies to its cotton industry. The government said the list would be made available for public consultation until Nov. 30 before it begins a final decision-making process on retaliations. According to the government announcement published in its federal register, items on the list could be subject to tariff increases of up to 100 percentage points. In addition to cotton and other agricultural and textile products, the list includes other goods such as motor vehicle products, electronics, cosmetics, medical equipment and pharmaceutical products. Speaking at the announcement of foreign trade results Monday, Brazil's Foreign Trade Secretary Lytha Spindola said the list represented about 11% of Brazilian imports from the U.S. "If the subsidies aren't removed, we will exercise our right to retaliation," said Spindola...read more