Posted by John in La on December 20, 2015 at 03:47:24 from (96.33.136.54):
In Reply to: COOL SCRAPPED posted by Determined on December 19, 2015 at 19:29:55:
OK lets slow down a minute and have someone explain this to me.
The WTO has authorized Canada and Mexico to charge the U.S. $1 billion in retaliatory tariffs for country-of-origin labeling (COOL) on meat.
A retaliatory tariff is a tariff that one country usually uses to punish another country. We charge Canada a tariff on our oranges and Canada in turn charges a tariff on their milk. So Canada and Mexico want to punish us for making them put labels on their meat supposedly to cover the cost of said labels.
So if the U.S. would have said OK to the WTO; go ahead and charge your tariff. That would have meant the COOL labels would still have to be used and the imported meat price would have went way up in price. So in the long run people in the U.S. would have stopped buying Canada and Mexico meat.
I can understand the out roar of the American public in the short term but I think Canada and Mexico would have backed down once meat started backing up at the border.
News Flash for you guys in Canada and Mexico. While life would be rough in the U.S. without imports. The United States is the ONLY country in the world that can survive with a closed border. You guys want to play hard ball and try to manipulate our laws. I say you better bring a BIG bat.
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