Russia Takes U.S. Steel Tariffs Case to WTO

UrBC, Moscow, July 2, 2018. Russia placed a claim with the World Trade Organization regarding the U.S. steel and aluminum import tariffs, Prime refers to the Minister for Economic Development Maxim Oreshkin as stating.

‘It is believed that the United States violated quite a few of the WTO regulations when imposing extra tariffs on steel and aluminum imports. In addition to Russia, claims against the U.S. have also been placed by China, India, the EU, Canada, Mexico, and Norway,’ the minister said.

The United States state that the 25% steel import tariffs and 10% aluminum ones got imposed in March for reasons of national security. The new tariffs came into effect for the EU member states and a number of other countries in June. Nearly all the countries faced with the new import tariffs responded by starting to work on countermeasures, which gives ground to expect a trade war.

It is reported the Russian Federation intends to consult the United States within the framework of the WTO dispute settlement procedures regarding the extra import tariffs on ferrous metallurgy produce and aluminum.

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