May 31, 2018 / 2:23 PM / 5 months ago

EU to open WTO case against U.S. tariffs: Malmstrom

BRUSSELS (Reuters) - The European Union will launch a case at the World Trade Organization against a U.S. move to put new import tariffs on EU steel and aluminum, Trade Commissioner Cecilia Malmstrom said in a statement.

FILE PHOTO: European Commissioner Cecilia Malmstrom holds a news conference in Brussels, Belgium March 7, 2018. REUTERS/Eric Vidal/File Photo

“The U.S. has sought to use the threat of trade restrictions as leverage to obtain concessions from the EU. This is not the way we do business, and certainly not between longstanding partners, friends and allies,” she said.

“Now that we have clarity, the EU’s response will be proportionate and in accordance with WTO rules. We will now trigger a dispute settlement case at the WTO, since these U.S. measures clearly go against agreed international rules.

“We will also impose rebalancing measures and take any necessary steps to protect the EU market from trade diversion caused by these U.S. restrictions.”

Reporting by Alastair Macdonald; editing by Robert-Jan Bartunek

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below