European Union trade commissioner says U.S. tariffs distorting global trade

Andrew Cummings
April 19, 2018

On Thursday, Reuters reported that Russian Federation turned to the WTO demanding compensation from the USA for tariffs on steel and aluminum.

Calling the behavior "pure protectionism", Malmstrom said the European Union would not be offering any concessions in an attempt to be made exempt from the tariffs before the May 1 negotiation deadline, but "we expect to be permanently and unconditionally exempted from these measures".

"We are seeing a recovery and a potential growth in trade and global growth but it is threatened by these tariffs", Malmstroem told a press conference in the French city of Strasbourg.

The White House insists that the duties are based on national security factors and are beyond the remit of the WTO rules, callings compensation claims unjustified.

A WTO website note said India has requested the establishment of a dispute resolution panel under Article 21.5 of the Dispute Settlement Understanding (DSU) mechanism against United States imposing countervailing duties on certain hot-rolled carbon steel flat products.

Following the announcement of the new tariffs, Russian Deputy Minister of Industry and Trade Viktor Evtukhov told Sputnik that Russia meant to negotiate with the United States an exemption from the latter's tariffs on imported steel and aluminum as part of its response measures to Washington's decision.

"Russia proposes holding consultations as soon as possible and expects a quick response from the United States in order to agree on the date and place of consultations", the ambassador said.

Washington introduced tariffs on imports of steel and aluminum products in March.

USA has rolled back countervailing duties imposed on products from countries like Canada, Mexico, the EU, Australia, Argentina and South Korea, which were on the original list of targeted partners.

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