Print Edition - 2018-07-18 | MONEY
US challenges trade war counter-tariffs
Jul 18, 2018-The United States on Monday launched challenges at the World Trade Organisation to hit back at the major trading partners that have retaliated against President Donald Trump’s tariffs on metals and goods from China.
Washington opened separate disputes against China, the European Union, Canada, Mexico and Turkey, challenging the counter-tariffs those countries have imposed on American farm exports and machinery, the US Trade Representative said in a statement.
Despite outrage over the US actions, the White House says alleged unfair trade by these economies means Trump’s stinging tariffs are justified—but retaliation is not.
“The actions taken by the president are wholly legitimate and fully justified as a matter of US law and international trade rules,” US Trade Representative Robert Lighthizer said in a statement.
Since March, Trump has ratcheted up pressure on China and traditional allies, imposing tariffs on scores of billions of imports in steel, aluminum, washing machines, solar panels and broad swathes of Chinese manufactured goods and machinery.
Mexico’s Economy Ministry vowed to defend itself against the new US actions at the WTO.
Published: 18-07-2018 08:12