Japanese media: India and other countries want to sue WTO for us aluminum and steel import restrictions.

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 Japanese media: India and other countries want to sue WTO for us aluminum and steel import restrictions.


US President Trump (source: US media chart) Overseas network, 8 May, Trump said in March 8th that the United States would impose 25% tariffs on imported steel products and 10% tariffs on imported aluminum products. Japanese media said that today, opposition to the Trump administrations import restrictions on steel and aluminum in March has not ceased. India, which ranked tenth on US steel exports, showed no rule of excluding the World Trade Organization (WTO); Thailand asked for exemption in bilateral consultations with the United States, and Russia had been discussing counter measures. One of its background is dissatisfaction with the early exemption of some countries. According to the Nikkei Chinese language network, the US import restrictions impose 25% and 10% tariffs on steel and aluminum, respectively. Despite criticism of violations of the WTO rules, the United States is still using security as a restriction due to the start of March 23rd. We have the authority and strength to make a decision to protect business interests, including the terms of the WTO, Suresh Prabhu (SureshPrabhu), Minister of business industry of India, answered in an interview with the Japanese economic news. Reported that Indias iron and steel exports in 2016 (April 2016 ~2017 March) reached $14 billion 500 million, aluminum exports amounted to $3 billion 200 million. The ratio of the two to the US exports is 11%, which will be greatly influenced by the additional tariff of the United States. He repeatedly stressed that all possible means will be adopted. Japanese media said Russias fears were also intensifying. According to the Russian Ministry of industry and trade, at least $2 billion in steel and $1 billion in aluminum in terms of losses caused by import restrictions in the United States. Russian news agency reported that Russia is exploring countermoves based on WTO rules. Russia may ask the us to cut tariffs on other Russian products. The report also said that the United States decided to exempt the four countries of South Korea, Argentina, Brazil and Australia through separate consultations. Negotiations are ongoing with Canada, Mexico and the European Union and are temporarily waived. Trump has postponed 30 days of EU aluminum steel tariffs. US east time on May 1st 12 a.m. 01 a.m. (12. 01 at noon in Beijing), the decision to temporarily exempt imports of steel and aluminum products from the EU and other economies is due to expire.