Australia breaks auto trade rules CANBERRA — A World Trade Organization panel finds that grant payments by Australia to its automotive leather manufacturers breaks global trade rules. The U.S. argues that the payment of noncommercial terms and grants totaling US$19.2 million to domestic producer Howe and Co. Proprietary Ltd. fall in the category of prohibited subsidies, linked to export performance. The WTO panel is giving Canberra 90 days to rescind the subsidies. Mazda moves up TOKYO ...
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