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The future of many US industries is at stake in the WTO dispute.
The deadline is fast approaching for the United States to come to trade concession agreements with the countries who submitted claims in the Antigua WTO dispute. The U.S. came to a settlement with Japan, but the other countries don't seem as eager to settle. The European Union has not specified an amount it will be seeking from trade concessions, although rumours have the amount in the vicinity of $100 billion. The U.S. has scoffed at that amount calling it "highly exaggerated". There has been no word regarding compensation claims by the other countries, although a source close to the WTO informed me that Canada has stopped negotiating with the U.S., implying that either a settlement has been reached or that Canada will wait for arbitration. Either way, Canada is participating as an interested party, ensuring the U.S. acts fairly towards all countries in the dispute. Michael O'Shaughnessy, a spokesperson for Canada Foreign Affairs and International Trade replied to my question of how much Canada will request with the following:
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