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    Home > Chemicals Industry > International Chemical > The EU said it sought WTO arbitration and imposed retaliatory tariffs on U.S. goods

    The EU said it sought WTO arbitration and imposed retaliatory tariffs on U.S. goods

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    The European Commission vowed retaliation
    after the U.
    S.
    government confirmed it had begun imposing tariffs on steel and aluminum imports.

    The EU said it sought WTO arbitration and imposed retaliatory tariffs on U.
    S.
    goods

    Initially, U.
    S.
    President Donald Trump expanded exemptions for the European Union, Canada and Mexico, but the 25 percent tariff on imported steel and the 10 percent tariff on aluminum now also apply to those countries
    .

    Trump said he was taking action "to protect America's national security from a global oversupply of steel and aluminum.
    "

    The European Commission expressed "concern" over the decision and said it would impose retaliatory tariffs on U.
    S.
    goods and take the U.
    S.
    government to a "trade court"
    at the World Trade Organization (WTO).

    European Commission President Jean-Claude Juncker added: "The EU considers these one-way US tariffs to be unreasonable and inconsistent with the rules of the World Trade Organization, which is protectionism
    .
    Over the past few months, we have been engaging with the United States at all levels to address overcapacity in the steel industry
    .
    Overcapacity remains at the heart of the problem, and the EU, not the source of the problem, is just as hurting
    .
    By targeting countries that are not responsible for overcapacity, the United States is facilitating those responsible
    .
    We now have no choice but to conduct WTO dispute settlement arbitration and impose additional tariffs
    on some imports from the United States.

    The British government also expressed "considerable disappointment" due to its belief that the country and other EU countries should be permanently and fully exempt from the tariffs
    .

    The European Commission vowed retaliation
    after the U.
    S.
    government confirmed it had begun imposing tariffs on steel and aluminum imports.

    tariff

    The EU said it sought WTO arbitration and imposed retaliatory tariffs on U.
    S.
    goods

    The EU said it sought WTO arbitration and imposed retaliatory tariffs on U.
    S.
    goods

    Initially, U.
    S.
    President Donald Trump expanded exemptions for the European Union, Canada and Mexico, but the 25 percent tariff on imported steel and the 10 percent tariff on aluminum now also apply to those countries
    .

    Trump said he was taking action "to protect America's national security from a global oversupply of steel and aluminum.
    "

    The European Commission expressed "concern" over the decision and said it would impose retaliatory tariffs on U.
    S.
    goods and take the U.
    S.
    government to a "trade court"
    at the World Trade Organization (WTO).

    European Commission President Jean-Claude Juncker added: "The EU considers these one-way US tariffs to be unreasonable and inconsistent with the rules of the World Trade Organization, which is protectionism
    .
    Over the past few months, we have been engaging with the United States at all levels to address overcapacity in the steel industry
    .
    Overcapacity remains at the heart of the problem, and the EU, not the source of the problem, is just as hurting
    .
    By targeting countries that are not responsible for overcapacity, the United States is facilitating those responsible
    .
    We now have no choice but to conduct WTO dispute settlement arbitration and impose additional tariffs
    on some imports from the United States.

    The British government also expressed "considerable disappointment" due to its belief that the country and other EU countries should be permanently and fully exempt from the tariffs
    .

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