ABSTRACT

Potential WTO Implications of USDA's Proposed Response to Trade-Retaliation [July 27, 2018]   [open pdf - 153KB]

"On July 24, 2018, Secretary of Agriculture Sonny Perdue announced that the U.S. Department of Agriculture (USDA) would be taking several actions to assist farmers in response to trade damage from what the Administration has characterized as 'unjustified retaliation.' Specifically, the Secretary said that USDA would authorize up to $12 billion in programs under the Commodity Credit Corporation (CCC) Charter Act (See CRS Report R44606, The Commodity Credit Corporation: In Brief) to help agricultural producers meet the costs of disrupted markets. (See CRS Insight IN10880, China's Retaliatory Tariffs on Selected U.S. Agricultural Products.) Due to its price tag ($12 billion) and the uncertainty over how payments will be implemented, there is considerable interest from policymakers and market watchers about whether these payments will be fully compliant with World Trade Organization (WTO) commitments. This Insight briefly discusses the WTO commitments that are relevant to U.S. domestic support programs and how the newly announced U.S. trade retaliation assistance program may or may not comply with those WTO commitments."

Report Number:
CRS Insight, IN10940
Author:
Publisher:
Date:
2018-07-27
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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