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OneCrazyDiamond

(2,032 posts)
14. A subsidy could be illegal.
Tue Jul 7, 2020, 08:34 PM
Jul 2020

Prohibited subsidies: subsidies that require recipients to meet certain export targets, or to use domestic goods instead of imported goods. They are prohibited because they are specifically designed to distort international trade, and are therefore likely to hurt other countries’ trade. They can be challenged in the WTO dispute settlement procedure where they are handled under an accelerated timetable. If the dispute settlement procedure confirms that the subsidy is prohibited, it must be withdrawn immediately. Otherwise, the complaining country can take counter measures. If domestic producers are hurt by imports of subsidized products, countervailing duty can be imposed.

https://www.wto.org/english/thewto_e/whatis_e/tif_e/agrm8_e.htm

Hell yeah intrepidity Jul 2020 #1
If only we had a functioning government. fleur-de-lisa Jul 2020 #2
+++ agree. nt iluvtennis Jul 2020 #3
There is a factory in Texas(?) that was ready, Phoenix61 Jul 2020 #4
Biden wants to do something good for America? Champp Jul 2020 #5
Oh my goodness, YES! cp Jul 2020 #6
It's about darned time. Long overdue. Raven123 Jul 2020 #7
He is talking beyond the XO 13922 already in place right? OneCrazyDiamond Jul 2020 #8
This looks very similar Steelrolled Jul 2020 #12
The Congress review is what I see that's new. OneCrazyDiamond Jul 2020 #15
Damn right. n/t CousinIT Jul 2020 #9
We should produce a lot more: JustABozoOnThisBus Jul 2020 #10
Great leadership. Great vision. ancianita Jul 2020 #11
Agree. The U.S. Should Pay a Subsidy to Domestic PPE Makers... TomCADem Jul 2020 #13
A subsidy could be illegal. OneCrazyDiamond Jul 2020 #14
This Is Not A Subsidy to Export PPE TomCADem Jul 2020 #16
Thanks. n/t OneCrazyDiamond Jul 2020 #17
Used to be manufacturing businesses in many Native areas obamanut2012 Jul 2020 #18
KnR Hekate Jul 2020 #19
Latest Discussions»Latest Breaking News»Biden wants US to produce...»Reply #14