India files WTO case against US over steel and aluminum tariffs
Source: CNBC
Published 7 Hours Ago Updated 6 Hours Ago
India has launched a complaint against the United States to challenge U.S. President Donald Trump's tariffs on steel and aluminum, a filing published by the World Trade Organization showed on Wednesday.
Indian officials told Reuters last month that their government would open a WTO dispute if the country's firms were not granted an exemption.
Trump imposed the tariffs in March, levying 25 percent on steel imports and 10 percent on aluminum. He said they were justified by national security concerns and therefore outside the WTO's remit.
India, China, Russia, Japan, Turkey and the European Union have all dismissed that claim, regarding the U.S. tariffs as "safeguards" under the WTO rules, entitling them to a combined $3.5 billion in annual compensation.
Read more: https://www.cnbc.com/2018/05/23/india-takes-us-steel-tariffs-complaint-to-the-wto.html
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