Sunday, October 21, 2018

Europe, U.S. Escalate Trade War With New Disputes at the WTO

"China and the EU have joined a group of countries asking the World Trade Organization to investigate the Trump administration’s decision to impose metals tariffs on national security grounds. In a separate filing, the U.S. asked the WTO to review those nations that retaliated against its duties.
The move sets the stage for a showdown at the Geneva-based trade arbiter that some fear could either lead to a U.S. exit or a flood of new protectionist measures invoking what has until now been a rarely used national security loophole in global trade rules..."
at https://www.bloomberg.com/news/articles/2018-10-18/wto-members-request-an-investigation-into-trump-s-metal-tariffs

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