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WTO Drops US Mexico Canada Metal Tariff Disputes

Steel News - Published on Fri, 12 Jul 2019

Image Source: washingtonagnetwork.com
The World Trade Organization has formally closed the book on four disputes between the US and its North American neighbors that stemmed from the Trump administration's national security tariffs on imported steel and aluminum.

In two separate complaints filed with the WTO in June 2018, Canada and Mexico claimed that the US duties of 25% on steel imports and 10% on aluminum imports were inconsistent with provisions of the WTO's General Agreement of Tariffs and Trade and with the WTO's agreement on safeguards. China, the EU, Norway, Russia and Turkey also filed requests with the WTO challenging the US tariffs on similar grounds, which are ongoing.

The US in May reached an agreement to remove the Section 232 tariffs on steel and aluminum imports from Canada and Mexico without imposing quotas to cap imports at a certain level. As part of the deal, the countries have agreed to implement measures to prevent imports of steel and aluminum that is unfairly subsidized or sold at dumped prices and prevent the transshipment of such steel and aluminum between countries.

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Posted By : Ratan Singh on Fri, 12 Jul 2019
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