U.S. Files Cases Against Five Trading Partners at WTOFriday, July 20, 2018
(North American Meat Institute)
The U.S. recently filed five separate trade disputes at the World Trade Organization (WTO) challenging trade partners’ retaliatory measures on U.S. exports. The Office of the U.S. Trade Representative (USTR) formally filed cases against China, the European Union, Canada, Mexico and Turkey after each imposed new tariffs on U.S. exports in response to the administration’s worldwide steel and aluminum tariffs. In March, the U.S. levied 25 percent tariffs on steel and 10 percent tariffs on aluminum imports to the country, which sparked a series of retaliatory actions from key trading partners.
China, in April, imposed additional 15–25 percent tariffs on $3 billion worth of U.S. exports. The administration removed exemptions for the EU, Canada and Mexico effective June 1, prompting Canada to impose 10-25 percent duties on $12.7 billion in U.S. exports; Mexico to levy seven to 25 percent duties on U.S. exports valued at $3.6 billion; and the EU to apply 10–25 percent additional duties on U.S. exports totaling $3.2 billion. Turkey, on June 21, imposed tariffs on $1.8 billion in U.S. exports.share on facebook share on twitter