Thursday, March 31, 2005
Canada raises it's pimp-hand
Yahoo! News - Canada slaps sanctions on millions in US imports over trade dispute: "OTTAWA (CP) - Canada is slapping millions of dollars worth of sanctions on U.S. imports in retaliation for a lingering trade irritant.
The announcement of a 15 per cent surtax on cigarettes, oysters and live swine from the United States came Thursday, just as the European Union took similar measures.
The measures are expected to be worth about $14 million annually.
Canada is joining countries from around the world protesting a U.S. trade measure known as the Byrd amendment, which the World Trade Organization has deemed illegal.
The Byrd amendment allows American companies to keep the proceeds that Washington collects in anti-dumping disputes - something Canada and other countries complain unfairly enriches their U.S. rival firms." ¶ 12:17 PM
The announcement of a 15 per cent surtax on cigarettes, oysters and live swine from the United States came Thursday, just as the European Union took similar measures.
The measures are expected to be worth about $14 million annually.
Canada is joining countries from around the world protesting a U.S. trade measure known as the Byrd amendment, which the World Trade Organization has deemed illegal.
The Byrd amendment allows American companies to keep the proceeds that Washington collects in anti-dumping disputes - something Canada and other countries complain unfairly enriches their U.S. rival firms." ¶ 12:17 PM
