trending Market Intelligence /marketintelligence/en/news-insights/trending/431WWpGqZxdKgAHdHnQwMw2 content esgSubNav
In This List

Report: China, EU turns to WTO in global steel, aluminium trade tussle with US

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: China, EU turns to WTO in global steel, aluminium trade tussle with US

A number of countries, including China, are requesting the help of the World Trade Organization to resolve a dispute with the U.S. over steel and aluminium tariffs, Reuters reported, citing various government sources.

U.S. trade partners face tariffs of 25% on steel exports and 10% tariffs on aluminium exports, which were put in place under the Trump administration for national security reasons, according to Reuters. The U.S. believes trade partners have in turn launched retaliatory tariffs on U.S. exports.

China, the European Union along with Norway and Mexico, among others, question the legality of the tariffs set by the U.S., a fellow WTO member. The trade organization could call on its expert panel to weigh in as an independent arbiter.