WTO Ready for U.S. Sanctions

Reuters ^ | Thursday November 25, 11:07 AM EST | Unknown

[Navydog]

GENEVA (Reuters) - The World Trade Organization cleared the way on Thursday to impose $150 million of trade sanctions on the United States, sought by the European Union and others, after lawyers resolved a legal wrangle.

[EGPWS]

So let me get this straight: we are facing sanctions because we have laws on our books designed to prevent companies in other countries from destroying our own industries through the practice of product "dumping". In other words, if Sony wants to drive all U.S. VCR makers out of business, they can undercut their prices by selling at a loss just long enough to eliminate the homegrown competition and then raise prices again (which they actually did). And a U.S. law to prevent this is "illegal"? What makes it "illegal"? Is this supposed a violation of "international law" (whatever that is). And who the hell legislates international law anyways? I sure didn't vote for (or against) them? Or are we just seeing the WTO as it really is, a tool for subverting national sovereignty for corporate sovereignty?

Shucks, try as they do, we the USA, still is the only remaining financial superpower, and has maintained this status through DECADES of insistence to abstain from giving up our "God" given rights as individuals.

How can something so wrong work out to be so right?

[Jagman]

$150 million is chump change compared to our foreign trade. I say BRING. IT. ON!

[EGPWS]

It is time for investing to once again become a serious business worthy of long term investment strategies.

It has been for decades, for me, and will continue to be for as the world turns, the market only moves in one direction on a long term basis and that direction is up! It has been, is, and will continue to be the case, and along with that trend the opportunity of "easier living" and the contentment of financial security will be a convincing factor for most that the Forefathers had the right idea emphasizing personal freedoms and if you feel that we haven't continued that focus through world changes then my friend you are lost to the American way.

[nothingnew]

Don't really know what exactly this excerpted article says, but to the WTO I say, GFY.

HAPPY THANKSGIVING all!

FMCDH(BITS)

[hubno]

What goods will be affected by the sanctions? 160 million is peanuts in the wine or olive oil trade.

[ARCADIA]

"Lest we forget the investor, for the speculation alone would create a market turmoil."

"the market only moves in one direction on a long term basis and that direction is up!"

????what's the problem????

[af_vet_1981]

U.S. consumers can easily impose trade sanctions on the EU. Simply choose not to buy goods from EU countries whenever possible.

[hubno]

Sorry,I didn't read to the bottom.Sweet corn,some metals and textiles.
We can oick up the 150 million in wheat,rye,soy,gold,silver & plastics.in about one day.

[EGPWS]

????what's the problem????

Wrong! It is time for investing to once again become a serious business worthy of long term investment strategies. Investing on a fad is poor substitute for investing on substance.

Investing IS a serious business, however savvy in doing so on an individual basis varies considerably, if concerns are present because of inappropriate use of our system through concerns of individual gain, they should be nipped at the bud, taken care of appropriately, and we move on.

Personally, I feel that a misuse of our system by some is taken by most as a system that is corrupt. Such a mindset I take as foolish thinking.

I hope I have conveyed my reply in an understandable fashion to you ARCADIA.

Regards,

[EGPWS]

What goods will be affected by the sanctions?

Speculation and fear in trading.

[cake_crumb]

When you read the details of the article, it becomes clear that these sanctions won't affect consumers, and probably won't affect any American companies. It's like some left-wing, feel-good sanction.

We can't dump low quality products onto your markets in order to drive the prices of your inventions down, so we'll stop selling you people low quality products!

We went through all this with China before. The Chinese are far worse than the Japanese ever were during the '80's.

Actually, to a Mid East analyst, the reasoning sounds creepily like something a terrorist would say in a Reuters headline.

[cake_crumb]

...And after posting the reply and scrolling up, I see it's a Reuters articla.

[inquest]

From wnece came the WTO? Upon who's watch did it come to be?

The WTO was ratified by us during a lame-duck session of Congress in 1994. Just as the lame-duck session is now considering LOST and the FTAA.

It's that whole "mandate" thing, don'cha know.

[EQAndyBuzz]

What is amazing is politicians broke this and these are the same politicians now trying to fix what they broke.

[Always Independent]

The hell with the WTO. Maybe if we would stop buying their products for awhile they'd get the message.

[Veritas et equitas ad Votum]

No problem, we'll just deduct the WTO fines from next year's UN appropriation.

[GretchenM]

Reuters is really getting stupid at headlines.

"WTO Ready for U.S. Sanctions" does not equal the text, "The World Trade Organization cleared the way on Thursday to impose $150 million of trade sanctions on the United States."

[DoughtyOne]

Where are the idiots that said this couldn't happen?

[Haro_546]

Blocking our imports will just make their THE euro go Higher, bad for them.

[DoughtyOne]

Foreign investments in teasuries. It's not a laughing matter.