EU requests to join China to sue us aluminum and steel tariff measures WTO consultation

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 EU requests to join China to sue us aluminum and steel tariff measures WTO consultation


The EU said that the tariff measures taken by the US side may have a significant impact on the sale and export of the EUs steel and aluminum products, and the outcome of the consultations will also involve the main trade interests of the EU, and therefore request to join the consultations. The European Union is the fifth largest exporter of the largest exporter and aluminum products for us steel products, according to the European Unions estimated exports to the United States in 2017, while the tariff imposed by the United States on steel and aluminum products will involve 5 billion 300 million euro and 1 billion 110 million euro exports of the EUs steel industry. U. S. President Trump announced in March 8th that as imports of steel and aluminum jeopardize the national security of the United States, the United States will impose 25% and 10% tariffs on imported steel and aluminum products, respectively. In March 22nd, the United States said it would temporarily exempt steel and aluminum tariffs on EU, Argentina, Australia, Brazil, Canada, Mexico, South Korea and other economies. The exemption period would end in May 1st. On the 5 day of this month, China submitted a request for consultations with the US side under the WTO dispute settlement mechanism and formally launched the dispute settlement process. Subsequently, the European Union also put forward a consultation with the US side on the tariff of steel and aluminum under the framework of safeguards agreement. Source: CCTV News Mobile editor: Li Tian Yi _NN7528 The European Union is the fifth largest exporter of the largest exporter and aluminum products for us steel products, according to the European Unions estimated exports to the United States in 2017, while the tariff imposed by the United States on steel and aluminum products will involve 5 billion 300 million euro and 1 billion 110 million euro exports of the EUs steel industry. U. S. President Trump announced in March 8th that as imports of steel and aluminum jeopardize the national security of the United States, the United States will impose 25% and 10% tariffs on imported steel and aluminum products, respectively. In March 22nd, the United States said it would temporarily exempt steel and aluminum tariffs on EU, Argentina, Australia, Brazil, Canada, Mexico, South Korea and other economies. The exemption period would end in May 1st. On the 5 day of this month, China submitted a request for consultations with the US side under the WTO dispute settlement mechanism and formally launched the dispute settlement process. Subsequently, the European Union also put forward a consultation with the US side on the tariff of steel and aluminum under the framework of safeguards agreement.