WTO OKs $295 million in Brazilian sanctions on US
© 2009 The Associated Press
Aug. 31, 2009, 8:35AM
GENEVA — The World Trade Organization has ruled that Brazil can set around $295 million in annual sanctions against American goods as a result of the United States' failure to eliminate illegal subsidies to American cotton growers.
The result Monday was disappointing for Brazil, which has won a series of decisions in the seven-year dispute and had wanted to target American goods and drug patents for $2.5 billion worth of economic retaliation.
Washington had said the award should not exceed $30