WTO lets Mexico slap trade sanctions on U.S. in tuna dispute

Reuters News
Posted: Apr 25, 2017 10:24 AM

GENEVA (Reuters) - Mexico can impose annual trade sanctions worth $163.23 million against the United States after winning a dispute over trade in tuna fish, a World Trade Organization arbitrator ruled on Tuesday.

Mexico had complained to the world body about U.S. tuna labeling rules that it said unfairly penalized its fishing industry, and had asked for retaliatory sanctions of $472.3 million, which it planned to impose on imports of U.S. high-fructose corn syrup.

(Reporting by Tom Miles, editing by Stephanie Nebehay)