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"The fight is never about grapes or lettuce. It is always about people." Cesar Chavez |
:: Tuesday, December 30, 2003 ::
U.S. misses deadline on repeal of tariff law By Mark Drajem, Bloomberg News
The United States missed a Saturday deadline from the World Trade Organization (WTO) to repeal a law that gives millions of dollars in tariff revenue to companies, exposing the U.S. to sanctions from the European Union, Canada and Japan.
Because of duties on Canadian softwood, International Paper, Temple-Inland and Potlatch are among U.S. timber companies that stand to gain at least $800 million from preservation of the Byrd amendment.
"This establishes a very strong lobby for the flow of the money to continue," said Calman Cohen, president of the Emergency Committee for American Trade, an association for U.S. exporters including Caterpillar and Maytag that favor repeal of the law.------------------------------------------- posted 7:48 AM :: reference link ::
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