Brazil places trade sanctions on wide range of U.S. products

摘要

Brazil last week imposed trade sanctions on a host of agricultural and industrial exports from the United States, in a move that could force a rethink of U.S. trade policy.Brazil announced high tariffs March 8 in retaliation for the United States' unwillingness to eliminate billions in cotton subsidies ruled illegal by the World Trade Organization. The WTO last year authorized Brazil to impose a massive $829.3 million in annual penalties against U.S. economic interests for years of anticompetitive subsidies paid to American cotton growers.