EU requires consultation on China-US steel and aluminum tariff disputes after joining WTO

On the morning of the 24th, Beijing time, Bloomberg reported that according to the documents announced on Monday, the European Union requested to join the World Trade Organization (WTO) consultations on China-US disputes over the import duties of Trump’s steel and aluminum imports.
The EU stated that China’s complaint has “significant interests” and stated that the US measures violated the anti-discrimination principle among WTO trading partners.
The EU stated that in 2017 it exported US$6 billion of steel and US$1.25 billion of aluminum to the United States.
The U.S. government previously announced that for the sake of national security, it imposed a 25% tariff on imported steel and a 10% tariff on imported aluminum. However, it provided a temporary tariff exemption to the EU on May 1.
Senior EU officials stated on the 21st that Europe will not “select sides” between China-US trade frictions, and that the temporary exemption of current steel and aluminum tariffs from the United States should be converted to a permanent exemption.
Earlier this month, documents submitted to the WTO showed that China has initiated dispute resolution procedures for US steel and aluminum tariffs. Asking for consultations will mark the first step in the WTO dispute settlement process. Before China can request WTO investigations, the United States and China have 60 days to try to resolve disputes.

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Post time: Apr-24-2018
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