Trading partners will demand more details from the United States at the World Trade Organization next week about its planned $12 billion aid package, destined for US farmers affected by the tariff wars.
The US aid package, announced in July, is intended to shield US farmers from the repercussions of trade disputes between the United States and China, the European Union and others.
But other WTO members want more clarity on how long it will last and whether it adheres to WTO rules as it could have an impact on their own agriculture sectors and competition. A compilation of written questions submitted to the WTO’s regular agriculture committee meeting on Sept. 25-26 included questions from New Zealand, Japan, India, the European Union, Canada and Australia, all demanding more detail on the plan.
Source: reuters.com