Tuesday, March 9, 2010 1:29 AM GMT
WASHINGTON - Brazilian officials said today they intend to impose $591 million in retaliatory trade sanctions against U.S. imports in the latest chapter in its 8-year battle over trade-distorting subsidies in the U.S. cotton program.The Cordova-based National Cotton Council immediately condemned the action, noting that the Step 2 program was eliminated in 2006 and world cotton prices are 50 ...