4 ms·
Ah, but we're not placing a tariff on any particular country nor banning goods from a particular country. Rather we're targeting multi-national corporations.
by dbingham 14y ago
Ah, but we're not placing a tariff on any particular country nor banning goods from a particular country. Rather we're targeting multi-national corporations. And part of that targeting includes an increased wages requirement. A minimum wage gap. So countries are really going to protest us insisting that companies that want to sell goods in the US pay their citizens more? I would they'd be willing to take the environmental standards if they came linked with a significant increase in pay.
- politician 14y agoWhen the US outlawed US-based financial institutions from honoring transactions originating from the worldwide online gambling industry, Antigua sued the US at the WTO and won the right to violate ~$21M worth of copyrights (annually, IIRC). This case illustrates two points, first, targeting companies or industries rather than their host nations is irrelevant from the perspective of the WTO. Second, the WTO has some very powerful tools for forcing member nations into compliance with its rulings. [1] http://www.nytimes.com/2007/12/21/business/worldbusiness/21iht-wto.html http://www.nytimes.com/2007/12/21/business/worldbusiness/21i...