US scraps cotton subsidies after WTO threats (AFP)

2 hours, 39 minutes ago WASHINGTON (AFP) - The US government said it had repealed an illegal cotton subsidy program that had drawn the threat of billions of dollars in sanctions from Brazil. The formal repeal of the so-called "Step 2" program of support for US cotton growers took effect on Tuesday, after it was abolished in a new trade act signed by President George W. Bush " /> SEARCH News | News Photos | Images | Web " /> President George W. Bush in February. Its annulment came after the World ...