The Office of the U.S. Trade Representative released a statement regarding new tariffs against the United States by certain WTO Members, including the European Union.
Read the USTR statement
The U.S. Commerce Department in January 2018 issued reports finding that imports of articles of steel and aluminum threaten to impair national security, and the president in March 2018 concurred with these finding and imposed tariffs on imports of steel and aluminum. The tariffs became effective for some WTO members on 23 March 2018 and effective for others on 1 June 2018.
The position of the USTR is that the United States has not invoked and does not seek to benefit from the right to take emergency safeguard action under Article XIX or the WTO Agreement on Safeguards, and thus, no WTO member has a right to retaliate with duties under an agreement that does not even apply. Accordingly, the duties that have been announced on U.S. exports “are completely without justification under international rules.”
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Partner, Global Practice Leader
Partner, National Practice Leader
John L. McLoughlin
Principal, East Coast Leader
Luis (Lou) Abad
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