President TrumpDonald John TrumpDems make history, and other takeaways from Tuesday's primaries Pawlenty loses comeback bid in Minnesota Establishment-backed Vukmir wins Wisconsin GOP Senate primary MORE is claiming that steel tariffs imposed on China and other foreign nations will rescue the us steel industry. Trump announced earlier this year that he would impose global tariffs of 25% on imported steel and 10% on aluminum, citing national security concerns.
China has responded to such measures with retaliatory tariffs against the U.S. But Trump said the tariffs are working, according to The Journal, and pointed to steel companies opening new U.S. plants as justification.
Washington announced in January that it was imposing what it called safeguard tariffs over four years a 30 percent tariff in the first year which would be reduced gradually to 15 percent in the fourth year. The exemption for Canada, the European Union and Mexico expired on June 30 and Washington refused to extend it.
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WTO complaints begin with negotiations between parties to the dispute.
On May 31, Canada announced it would impose "dollar-for-dollar" tariffs on 16.6 billion Canadian dollars (12.7 billion dollars) worth of US imports on July 1 if Washington does not drop its steel and aluminum tariff threat. Mexico's economy minister, Ildefonso Guajardo, said the tariffs will affect some 3 billion dollars in value terms.
Another round of USA tariff hikes on $16 billion of Chinese goods is due to take effect August 23. Brussels said in late July that it was considering tariffs on 20 billion dollars of USA goods should Trump proceed with the proposed auto duties. It said a formal complaint was filed Tuesday with the WTO in Geneva. The spokesperson also said that United States subsidies for its own domestic PV manufacturing were giving its industry an "unfair competitive advantage and damaged the legitimate rights and interests of China's renewable energy companies".