Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Snowshoe who wrote (72478)	2/11/2010 9:35:40 PM
From: Snowshoe	of 74559

The WTO trade rules are becoming a circus! Brazil complains about US cotton subsidies, but IMO Lula's recently proposed iron ore export tax is a de facto subsidy for Brazilian steel makers... Lula Sets Law for Brazil to Retaliate on U.S. Patents bloomberg.com The WTO ruled in August that Brazil has the right to impose $294.7 million annually in sanctions because of subsidies paid to U.S. cotton farmers. The amount is the second highest ever permitted by the Geneva-based trade arbiter.

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