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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (16847)	11/26/2004 5:11:29 PM
From: mishedlo	Read Replies (1) of 116555

WOT sanctions One would think we would address this rather obvious issue with our exports instead of complaining about currency pegs and thrifty world citizens. forbes.com The World Trade Organization on Friday approved stiff sanctions on a wide range of American exports intended to punish the United States for failing to repeal what it considers protectionist legislation, a trade diplomat said. "It's been approved," said Amina C. Mohamed, Kenyan ambassador to the WTO and 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 potential targets are cod, textiles, glassware, mobile homes and apples.

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