OTHER NEWS - April 16, 1994

U.S. Ready to Hike Canada Wheat Tariffs: The government plans the action to limit imports if a trade dispute is not settled in a week, U.S. Agriculture Secretary Mike Espy said at a global trade meeting in Marrakech, Morocco. Espy and U.S. Trade Representative Mickey Kantor met their Canadian counterparts repeatedly over two days, but no deal was reached. Kantor said that if a deal is not struck by next Friday, the United States will try to stop what it considers unfairly subsidized Canadian wheat sales that hurt U.S. farmers. Canadian wheat sales to the United States have soared in the past few years, and Washington is seeking a ceiling to hold them back. The United States wants Canada to agree to a ceiling of reportedly 1.5 million metric tons a year, but Canada wants as much as 3.2 million tons, a source said.