Tuesday, March 04, 2025 | 04:28 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Russia demands compensation at WTO for U.S. steel tariffs

Image

Reuters GENEVA

GENEVA (Reuters) - Russia is demanding compensation from the United States for its decision to impose worldwide tariffs on steel and aluminium, a Russian statement published by the World Trade Organization showed on Thursday.

The United States maintains that the tariffs are based on national security concerns and fall outside the remit of the WTO rules, but Russia, China, India and the European Union have all objected, saying the tariffs appear to be "safeguards", which require compensation for major exporting countries.

The United States has agreed to negotiate with China and has told India and the EU that it is open to "discuss this or any other issue", while insisting that their claims for compensation are unjustified.

 

(Reporting by Tom Miles; editing by Jason Neely)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 19 2018 | 3:38 PM IST

Explore News