Senators doubt WTO would uphold U.S. ethanol tariff
Reuters
BRASILIA Wed Jan 12, 2011 1:53am EST
BRASILIA (Reuters) - Senators John McCain and John Barrasso said on Monday (January 10) the extension of U.S. ethanol subsidies and a tariff on imports is likely illegal under international trade rules, lending some support to Brazil's opposition to U.S. ethanol policy.
"I believe the WTO would rule against the United States because it's clearly a subsidy that is neither warranted nor in keeping with WTO regulations," Senator McCain of Arizona told reporters after a meeting with Brazilian President Dilma Rousseff in Brasilia.
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