GENEVA — Brazil put the U.S. on notice at a special World Trade Organization session that unless Washington "fully and immediately" complies with dispute rulings calling on it to amend cotton policies found in breach of global subsidy rules, the South American nation will seek authorization to impose punitive trade sanctions.
Brazilian diplomats told WWD they did not rule out that the potential punitive tariffs to be slapped on various products might include U.S. textiles and apparel items. Trade diplomats say the amount of punitive tariffs is likely to be less than the initial $4 billion a year demanded in 2005, as the U.S. has scrapped some of the offending programs.
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