Xijinping must stop to be so civilized, and stop Trade Talks, stop all Negotiations, lead whole world to start TOTAL ECONOMIC WAR against the USA, and completely starve these arrogant bully bankrupted beggars all dead by famine. EU Japan and India are on the same side with China now.
Everyone must together reject arrogant bastard beggar USA, not feed them at all, DEPRIVE THEM and FORCE them towards famine. End their dirty ways for once and for all, not seeing such a bankrupted beggar annoying everyone in the world for good.
https://www.reuters.com/article/us-...el-tariffs-complaint-to-the-wto-idUSKCN1IO1WP
India takes U.S. steel tariffs complaint to the WTO
Tom Miles
3 Min Read
A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse
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.
India’s retaliation claim seeks to recoup a cost of $31 million levied on its aluminum exports and $134 million on steel, and it has said it could target U.S. exports of soya oil, palmolein and cashew nuts in its retaliation.
Its latest legal challenge seeks to force the United States to scrap the tariffs entirely. It follows a similar move last month by China, which Washington called “completely baseless”.
Under WTO rules, the United States has 60 days to settle the complaint, after which India could ask the WTO to set up an expert panel to adjudicate.
However, uncertainty is hanging over the WTO’s dispute settlement system because Trump is vetoing the appointment of new appeals judges.
In its complaint, India listed a string of ways the U.S. tariffs violated the WTO rules and unfairly damaged India’s interests.
It said they broke the WTO’s safeguards agreement and the United States was trying to use its tariffs to get other countries to agree to “voluntary export restraints”.
The United States had also exceeded the maximum import tariff allowed by the WTO and the tariffs were not applied uniformly to steel and aluminum imports from all suppliers, breaking a core principle of the WTO rulebook.
Reporting by Tom Miles; Editing by Catherine Evans and David Stamp
Our Standards:The Thomson Reuters Trust Principles.
http://www.economynews.info/india-opens-wto-dispute-over-us-steel-aluminum-tariffs/
India opens WTO dispute over US steel & aluminum tariffs
May 23, 2018 admin
India has filed a complaint with the World Trade Organization (WTO) to dispute US President Donald Trump’s tariffs on steel and aluminum.
Read Full Article at RT.com
Source: – RT
India opens WTO dispute over US steel & aluminum tariffs
https://www.afp.com/en/news/826/ind...e-over-us-steel-aluminium-tariffs-doc-1599iy3
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India launches WTO challenge over US steel, aluminium tariffs
AFP / Fabrice COFFRINI India has joined other powerful WTO members -- including the European Union and China -- in fighting back against President Donald Trump's controversial trade policies
India has opened a World Trade Organization challenge against the steel and aluminium tariffs imposed by the United States, a document circulated to WTO members on Wednesday said.
Accusing Washington of "multiple violations" of WTO rules, India formally asked the US for "consultations" over the tariffs of 25 percent on steel and 10 percent on aluminium, which is the first step in a full-blown legal challenge.
The move means India has joined other powerful WTO members -- including the European Union and China -- in fighting back against President Donald Trump's controversial trade policies.
India also noted that it is already suffering from the tariffs as unlike the EU, Canada, Mexico and others, it has not been granted a provisional exemption.
Russia, another country not granted a waiver, announced on Tuesday that it would retaliate against American products to the tune of nearly $540 million, an amount it said was equivalent to the damage likely to be caused to its domestic industry by the US moves.
Japan, also not offered an exemption, has readied a response that would see tariffs imposed on US goods worth 50 billion yen ($451 million).
But India has not yet detailed a specific retaliation.
Instead, it laid out its legal case against the US and voiced hope that the notice would lead to "mutually convenient date and venue for consultations."
Under WTO rules, if 60 days pass without consultations resolving the dispute, India can ask the WTO to set up dispute panel, triggering a long and likely costly legal battle that will almost certainly take years to resolve.
But Trump's moves have also complicated the WTO's dispute process itself.
His trade envoys have refused to sign off on any new judges to the crucial appellate branch of the Dispute Settlement Body.
If the blockage cannot resolved, the appellate court may be fully paralysed by the end of next year.
Trump sparked fears of a trade war in March when he decided to impose the tariffs on steel aluminium imports, primarily to target China, but also allies, including EU countries as well as Japan.
Marking a departure from a decades-long US-led drive for open and free trade, Trump has claimed that massive flows of imports to the United States threatened national security.
Everyone must together reject arrogant bastard beggar USA, not feed them at all, DEPRIVE THEM and FORCE them towards famine. End their dirty ways for once and for all, not seeing such a bankrupted beggar annoying everyone in the world for good.
https://www.reuters.com/article/us-...el-tariffs-complaint-to-the-wto-idUSKCN1IO1WP
India takes U.S. steel tariffs complaint to the WTO
Tom Miles
3 Min Read
A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse
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.
India’s retaliation claim seeks to recoup a cost of $31 million levied on its aluminum exports and $134 million on steel, and it has said it could target U.S. exports of soya oil, palmolein and cashew nuts in its retaliation.
Its latest legal challenge seeks to force the United States to scrap the tariffs entirely. It follows a similar move last month by China, which Washington called “completely baseless”.
Under WTO rules, the United States has 60 days to settle the complaint, after which India could ask the WTO to set up an expert panel to adjudicate.
However, uncertainty is hanging over the WTO’s dispute settlement system because Trump is vetoing the appointment of new appeals judges.
In its complaint, India listed a string of ways the U.S. tariffs violated the WTO rules and unfairly damaged India’s interests.
It said they broke the WTO’s safeguards agreement and the United States was trying to use its tariffs to get other countries to agree to “voluntary export restraints”.
The United States had also exceeded the maximum import tariff allowed by the WTO and the tariffs were not applied uniformly to steel and aluminum imports from all suppliers, breaking a core principle of the WTO rulebook.
Reporting by Tom Miles; Editing by Catherine Evans and David Stamp
Our Standards:The Thomson Reuters Trust Principles.
http://www.economynews.info/india-opens-wto-dispute-over-us-steel-aluminum-tariffs/
India opens WTO dispute over US steel & aluminum tariffs
May 23, 2018 admin
Read Full Article at RT.com
Source: – RT
India opens WTO dispute over US steel & aluminum tariffs
https://www.afp.com/en/news/826/ind...e-over-us-steel-aluminium-tariffs-doc-1599iy3
You are here
Home
News
India launches WTO challenge over US steel, aluminium tariffs
India has opened a World Trade Organization challenge against the steel and aluminium tariffs imposed by the United States, a document circulated to WTO members on Wednesday said.
Accusing Washington of "multiple violations" of WTO rules, India formally asked the US for "consultations" over the tariffs of 25 percent on steel and 10 percent on aluminium, which is the first step in a full-blown legal challenge.
The move means India has joined other powerful WTO members -- including the European Union and China -- in fighting back against President Donald Trump's controversial trade policies.
India also noted that it is already suffering from the tariffs as unlike the EU, Canada, Mexico and others, it has not been granted a provisional exemption.
Russia, another country not granted a waiver, announced on Tuesday that it would retaliate against American products to the tune of nearly $540 million, an amount it said was equivalent to the damage likely to be caused to its domestic industry by the US moves.
Japan, also not offered an exemption, has readied a response that would see tariffs imposed on US goods worth 50 billion yen ($451 million).
But India has not yet detailed a specific retaliation.
Instead, it laid out its legal case against the US and voiced hope that the notice would lead to "mutually convenient date and venue for consultations."
Under WTO rules, if 60 days pass without consultations resolving the dispute, India can ask the WTO to set up dispute panel, triggering a long and likely costly legal battle that will almost certainly take years to resolve.
But Trump's moves have also complicated the WTO's dispute process itself.
His trade envoys have refused to sign off on any new judges to the crucial appellate branch of the Dispute Settlement Body.
If the blockage cannot resolved, the appellate court may be fully paralysed by the end of next year.
Trump sparked fears of a trade war in March when he decided to impose the tariffs on steel aluminium imports, primarily to target China, but also allies, including EU countries as well as Japan.
Marking a departure from a decades-long US-led drive for open and free trade, Trump has claimed that massive flows of imports to the United States threatened national security.
