Rules of Engagement: NEWS A WTO report lambasted an American system of tax breaks to exporters worth some $4 billion. The foreign sales corporation scheme was changed last year after complaints by the EU but is still in breach of WTO rules. If America does not appeal against the findings before a mid-October deadline, the EU has promised retaliatory sanctions that could spark a full-scale trade war. In the latest move in a long-running dispute, Canada said it would ask the World Trade Organisation to rule against a decision earlier this month by the United States to slap tariffs of at least 19.3% on imports of Canadian lumber Comments?
