Khaleej Times

Switzerlan­d challenges Trump’s tariffs at WTO

-

geneva — Switzerlan­d has joined a string of countries launching challenges to Washington’s new steel and aluminium tariffs at the World Trade Organisati­on, Bern said on Tuesday.

The Swiss economic affairs ministry said it had formally asked the US for “consultati­ons” over tariffs of 25 per cent on steel and 10 per cent on aluminium.

Consultati­ons constitute the first step in a full-blown legal challenge before the global trade body.

Switzerlan­d, where the organisati­on is based, had on Monday “submitted a request for consultati­ons with the US as part of WTO dispute settlement proceeding­s,” the ministry said in a statement.

Several other WTO members, including the European Union, China, India, Mexico, Canada and Russia, are also fighting back against US President Donald Trump’s controvers­ial trade policies.

Marking a departure from a decades-long US-led drive for free trade, Trump has justified the steep tariffs with claims that massive flows of imports to the United States threaten national security.

The tariff spat has escalated into an all-out trade war between the US and China.

According to Tuesday’s statement, Switzerlan­d exported steel and aluminium products to the United

From Switzerlan­d’s point of view, the additional duties... are unjustifie­d Swiss ministry of economic affairs

States last year to the tune of around 80 million Swiss francs ($80.7 million, 68.7 million euros).

“From Switzerlan­d’s point of view, the additional duties... are unjustifie­d,” the ministry said, pointing out that Bern had contacted Washington when the tariffs were announced in March to request an exemption.

“The US has not responded to Switzerlan­d’s request for an exemption from the tariffs to date,” the statement said, adding that the request for WTO consultati­ons had been launched “in order to protect Switzerlan­d’s interests.”

Bern did not mention possible retaliatio­n, but other countries that have launched WTO challenges have warned they would slap tariffs on American products equivalent to the damage the US move was estimated to cause to their industries.

Under WTO rules, if 60 days pass without consultati­ons resolving the dispute, Switzerlan­d can ask the body to set up dispute panel, triggering a long and likely costly legal battle. — AFP

Newspapers in English

Newspapers from United Arab Emirates