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China, EU, India File U.S. Tariff Complaints with WTO
China, the European Union and India have filed similar complaints with the World Trade Organization about the legality of U.S. tariffs on imported steel and aluminum.
#economics #aluminum #labor
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China, the European Union and India have filed similar complaints with the World Trade Organization about the legality of U.S. tariffs on imported steel and aluminum.
The Trump administration is levying tariffs of 25% on steel and 10% on aluminum, claiming the right to do so under rarely used trade rules governing strategic materials required for national defense.
China, the EU and India argue that the U.S. taxes are merely shielding domestic producers from fair competition, a practice that violates WTO rules. Their filings demand compensation from the U.S. for the value of aluminum and steel shipments blocked by the tariffs.
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