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Trump Trade War - Switzerland launches WTO action

Steel News - Published on Wed, 11 Jul 2018

Image Source: WTO
Reuters reported that Switzerland has launched a complaint at the World Trade Organization against US tariffs on steel and aluminium, the eighth WTO member to start such a challenge. The statement from the Swiss economy ministry said in a statement “From Switzerland’s point of view, the additional duties, which according to the US have been introduced to protect national security, are unjustified.”

Under WTO rules, the United States has 60 days to settle the issue. After that time, Switzerland could escalate the dispute by asking the WTO to set up a panel of judges to adjudicate.

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Posted By : Nanda Koijam on Wed, 11 Jul 2018
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