The sanctionsfor misbehaviour were not credible: to threatenadeficit-riddencountry with huge fines is like chastising a manhanging on to acliff by treading on his fingers.
It is nonsensical for the deficit-ridden U.S. government to subsidize corn-derived ethanol while imposing punitive tariffs on imports of Brazilian ethanol made from sugar cane.
The sanctions for misbehaviour were not credible: to threaten a deficit-ridden country with huge fines is like chastising a man hanging on to a cliff by treading on his fingers.