After the World Trade Organization agreed, Congress repealed the export subsidies, and the sanctions are expected to be lifted January 1. .
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The punitive tariffs, which had been started at 5 percent in March, had increased each month to the current level of 12 percent. They appear to have had a relatively minor impact on exports of apparel and home furnishings, but yarn exports were down significantly.
Date:11/7/2004
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