The World Trade Organization has given Brazil the go-ahead to impose tariffs on U.S. products in retaliation against U.S. farm subsidies. A WTO dispute-settlement panel ruled several years ago that our subsidies unfairly depress prices for cotton, among other commodities, causing injury to Brazilian farmers in violation of our WTO agreements. Rather than rectify the problem by reducing the subsidies, Congress passed another bloated farm bill in 2008, over the veto of President Bush, with the support of candidate Obama. As a result, a range of businesses that export to Brazil face curtailed demand for their products. But hey, the census is hiring!
UPDATE: More details on the Brazil case from Daniella Markheim and Scott Lincicome at Heritage.






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