WTO panels afreed to review U.S. steel, aluminium tariffs

Last Updated: November 23, 2018

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WTO panels afreed to review U.S. steel, aluminium tariffs

WTO panels afreed to review U.S. steel, aluminium tariffs

23 November 2018 Current Affairs:

The World Trade Organization (WTO) agreed to hear complaints from a range of countries over new U.S. steel and aluminum tariffs, as well as complaints from Washington over retaliatory duties.
The WTO’s Dispute Settlement Body (DSB) agreed to establish panels to review U.S. President Donald Trump’s decision to hit a long line of countries with tariffs of 25% on steel and 10% on aluminum.
The DSB is to create separate panels for the complaints by the European Union (EU), China, Canada, Mexico, Norway, and Russia. This move will after the U.S. said it would not agree to a single panel to hear all of them.

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