Global trade deal appears on verge of collapse

Negotiators at a World Trade Organization meeting in Bali are trying to salvage a trade deal that appears to be on the verge of collapse. The U.S. and India are in a standoff over India's plan to expand agricultural subsidies in a way that could violate WTO rules. The U.S. says increased subsidies will harm regional agricultural markets, but India says they are an essential part of its food-security program.

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