Much of the western world advocates free trade but they rarely seem to practice it. The WTO ruled against the United States providing subsidies for cotton farmers, saying the system violated international trade rules by giving massive financial backing that supports the higher prices of the U.S. cotton industry.
EU And US Go to WTO Over Airplane Subsidies
The European Union is going to the World Trade Organization with its dispute with the United States over subsidies to Airbus and Boeing, said EU Trade Commissioner Peter Mandelson.
U.S. Defeated in Cotton Subsidies Dispute
Brazil defeated the U.S. in its dispute over cotton subsidies at the World Trade Organization.
WTO Declares US Cotton Subsidies Illegal
Oxfam called on the US to implement the final WTO ruling against its illegal cotton payment programs and agree to new global trade rules that would stop the dumping of cheap commodities.