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U.S. defiance of WTO rulings could damage WTO\’s credibility

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While many industry experts believe Antigua will have to settle for a lot less than the $3.4 billion in compensation it demanded to the Unites States, Sallie James, Trade Policy Analyst at the Cato Institute, said the US decision to withdraw its commitments from the WTO could be extremely damaging to the organization’s credibility and in the end cost the U.S. tens of billions of dollars in compensation to other WTO members on top of the $3.4 billion asked by Antigua.

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