EU complaint against the US in the World Trade Organization

Dec 12, 2023 - 15:28
EU complaint against the US in the World Trade Organization
EU complaint against the US in the World Trade Organization

 the European Union is considering opening a case at the World Trade Organization (WTO) against the American government;... A case relating to the application of customs tariffs against EU steel and aluminium. The trade dispute between the US and the European Union began in 2018, when then US President Donald Trump imposed tariffs on steel and aluminum due to "US national security concerns". The Trump administration's move prompted the European Union to retaliate with tariffs on US imports, causing uncertainty even in unrelated sectors. This tension and trade dispute has led the two allies to impose tariffs on each other's goods worth more than $10 billion. In 2021, the European Commission announced a temporary two-year truce with the administration of US President Joe Biden, during which an agreement called the Global Sustainable Steel and Aluminum Agreement (GSA) was supposed to be reached, ending the war of duties. The temporary agreement allowed some tariffs to be suspended and helped businesses recover after the Covid-19 pandemic. Under the deal, Washington partially removed its tariffs and introduced a series of tariff quotas above which tariffs are imposed on metals, while the European Union lifted all its restrictions. "According to the European Union, these conditions have created an unbalanced situation that has forced exporters in this union to pay more than $350 million in tariffs per year."