Metal & Oil & Gas News – Nctv.net
Second request for the establishment of a World Trade Organisation (WTO) panel, to examine its complaint against additional duties imposed by the US on imports of certain steel and aluminium products, has been approved by the Dispute Settlement Body (DSB). The report quoted an official as saying that “Nine dispute panels have now been established by the DSB to rule on the US tariffs.
The countries that have complained against the decision include India, China, the European Union, Canada, Mexico, Norway, Russia, Switzerland and Turkey. They have argued that the US actions were, in effect and content, safeguard measures and the US was using national security as a wrong justification for the tariffs.
In March 2018, the United States of America (USA) had decided to impose penal duties of 25 per cent on steel and 10 per cent on aluminium from select countries. The tariffs were imposed owing to national security concerns and the WTO had no authority to adjudicate on the matter.
Source : BUSINESS LINE
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