Brazil Readies Cotton Retaliation -- 222 Items Targeted in Subsidy Dispute with U.S.

Summary

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WASHINGTON - Brazil said Monday it plans to retaliate against American importers of acetaminophen, textiles and bar-code readers, among other things, as it formulates its World Trade Organization- authorized sanctions in a trade dispute over U.S. cotton subsidies.

The Memphis-based National Cotton Council released a statement Monday afternoon saying current cotton subsidies were not a factor in the amount Brazil can seek, since the formula was determined in 2005. Council chairman Mark Lange noted that U.S. cotton production has "declined dramatically" since 2005.

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Brazil Readies Cotton Retaliation -- 222 Items Targeted in Subsidy Dispute with U.S.

But Oxfam America, a vocal critic of American cotton subsidies for years, noted that the long, drawn-out...

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