Reprieve
A ruling on American export subsidies is delayed again
TICK, tick—the doomsday clock for transatlantic trade has been pushed back a couple of minutes again. Last week the World Trade Organisation (WTO) decided to delay until June 22nd its interim ruling on the legality of an American export subsidy. Still, the eventual ruling is likely to find fault with America. Some urgent patching-up is needed to prevent a new trade war.
This article appeared in the Finance & economics section of the print edition under the headline “Reprieve”
From the May 26th 2001 edition
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