81. The remaining amount will be used to cover the higher tariff resulting from a Supreme Court decision declaring the oil industry deregulation law illegal. 82. The response follows a decision by Tokyo in April to impose higher tariffs on imports of stone leeks, shiitake mushrooms and rushes used in tatami mats. 83. The Supreme Court ruled free trade would be hindered if oil firms were forced to choose between investing huge amounts in refineries and paying higher tariffs. 84. They are seeking higher tariffs to protect U.S. manufacturers. 85. U.S. banana companies are pressuring the European Union to levy higher tariffs against Caribbean fruit growers, who currently enjoy preferential access to the European market. 86. Under the first attempt at deregulation, oil firms were encouraged to invest in refineries because they paid higher tariffs if they just imported and sold finished products. 87. Under WTO rules, countries are required to replace quantitative restrictions on agricultural imports with a system of gradually higher tariffs as more goods are imported. 88. Washington seeks compensation for higher tariffs on goods exported to Austria, Finland and Sweden. 89. But all six countries are sensitive about agricultural products, particularly unprocessed foods, and want to protect them longer and at higher tariff rates. 90. But Kantor warned that Canada would be slapped with trade sanctions, including higher tariffs on lumber exports, if the accord were not respected. |