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Canada, Mexico win WTO nod for $1 bn sanctions against US

An arbitration panel at the World Trade Organization ruled that the US policy, known by its acronym COOL, was unfair because it puts imported livestock at a disadvantage to domestic livestockCanada and Mexico won WTO approval Monday to impose up to $1 billion a year in trade sanctions against the United States over its country-of-origin labeling requirement for beef and pork. An arbitration panel at the Geneva-based World Trade Organization ruled that the US policy, known by its acronym COOL, was unfair because it puts imported livestock at a disadvantage to domestic livestock. The panel concluded that Canada and Mexico, partners with the US in the North American Free Trade Agreement, could apply retaliatory tariffs on US goods exports.

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