New US tariffs: Potential impact on the WTO
At a Glance
13-03-2018
On 8 March 2018, US President Donald Trump signed orders imposing tariffs of 25 % on steel imports and 10 % on aluminium imports. These tariffs will apply to all countries, except Canada and Mexico (and possibly also Australia). President Trump has expressed a willingness to discuss the measures with individual countries and make additional exceptions if US (security) concerns are addressed. The European Commission and other US trading partners have expressed their concern at the measures, fearing that they could lead to a wider trade dispute. The Trump administration's justification of the tariffs on national security grounds is also viewed as a threat to the multilateral trading system.
At a Glance
About this document
Publication type
Author
Policy area
Keyword
- aluminium
- America
- Asia and Oceania
- China
- economic geography
- economic structure
- ECONOMICS
- exemption from customs duties
- export (EU)
- GATT
- GEOGRAPHY
- INDUSTRY
- international affairs
- INTERNATIONAL ORGANISATIONS
- INTERNATIONAL RELATIONS
- international trade
- international trade
- iron and steel industry
- iron, steel and other metal industries
- Japan
- market economy
- multilateral relations
- political geography
- tariff barrier
- tariff policy
- trade
- TRADE
- United States
- world organisations
- World Trade Organisation