Business Standard

Switzerland launches WTO action over U.S. steel, aluminium tariffs

Image

Reuters GENEVA

GENEVA (Reuters) - Switzerland has launched a complaint at the World Trade Organization against U.S. tariffs on steel and aluminium, it said on Tuesday, the eighth WTO member to start such a challenge.

"From Switzerland's point of view, the additional duties, which according to the U.S. have been introduced to protect national security, are unjustified," the statement from the Swiss economy ministry said in a statement.

Under WTO rules, the United States has 60 days to settle the issue. After that time, Switzerland could escalate the dispute by asking the WTO to set up a panel of judges to adjudicate.

(Reporting by Tom Miles; editing by John Stonestreet)

 

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: Jul 10 2018 | 1:01 PM IST

Explore News