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Dec 09, 2015
The World Trade Organization (WTO) this week authorized a combined $1.01 billion in annual retaliation, $781 million from Canada and $227 million from Mexico, in response to U.S. non-compliance with Country of Origin Labeling (COOL) for muscle cuts of beef and pork.
With the Arbitrator’s decision finalized, the WTO’s Dispute Settlement Body will hold a special meeting on Dec. 18 to officially authorize Canada and Mexico to retaliate against the U.S. Once retaliation is granted, it will be only a matter of days until Canada and Mexico could start applying tariffs to U.S. food, agriculture and manufactured goods.
The American Soybean Association (ASA) as part of the COOL coalition has urged Congress to include a full repeal of COOL in the Omnibus package currently being negotiated by Congress. Furthermore, members of the COOL coalition sent a letter Tuesday, with more than 250 signatures to Members of Congress urging support for a full repeal of COOL.
Click here to read the letter.
