Monday, December 07, 2015
US faces $1 billion in trade penalties for meat labels
The World Trade Organization ruled Monday that Canada and Mexico can slap more than $1 billion in tariffs on U.S. goods in retaliation for meat labeling rules it says discriminated against Mexican and Canadian livestock. At issue were U.S. labels on packaged steaks and other cuts of meat that say where the animals were born, raised and slaughtered. The WTO has previously found that the so-called "country of origin" labeling law put Canadian and Mexican livestock at a disadvantage. It ruled Monday that Canada could impose $780 million in retaliatory tariffs and Mexico could impose $228 million. "We are disappointed with this decision and its potential impact on trade among vital North American partners," said Tim Reif, general counsel for the Office of the U.S. Trade Representative.