Fri, Jun 24, 2022 @ 22:15 GMT
HomeLive CommentsUS faced objections from over 40 countries on auto tariffs at WTO

US faced objections from over 40 countries on auto tariffs at WTO

Reuters reported, according to unnamed source, that the US faced strong objections from over 40 countries over its possible auto tariffs at the WTO Council on Trade in Goods. Japan and Russia initiated the discussions and warned such measures could lead to collapse of the rules-based multilateral trading system.

The European Unions 28 countries, Russia, Switzerland, Norway, Turkey, Japan, South Korea, Singapore, China, Thailand, India, Hong Kong, Qatar, Canada, Costa Rica, Venezuela, Brazil, Mexico all echoed the same concern.

The US representative avoided to give a direct response and said the topic was already a subject of formal disputes at the WTO. Therefore, it shouldn’t be on the committee’s agenda.

Featured Analysis

Learn Forex Trading