The WTO’s Dispute Settlement Body (DSB) agreed to establish panels to review U.S. President Donald Trump’s tariffs of 25 percent on steel and 10 percent on aluminium on some countries.
The DSB will create separate panels for the complaints by the European Union, China, Canada, Mexico, Norway, Russia and Turkey as the U.S. said it would not agree to a single panel to hear all of them.
The DSB agreed on Nov. 21 to Washington’s request for three panels to rule on the legality of retaliatory tariffs imposed by Canada, China, Mexico and the European Union.
It also agreed to a U.S. call for a panel to be created to review “certain Chinese measures pertaining to the protection of intellectual property rights.”
Under WTO regulations, parties in a dispute can block a first request for the creation of an arbitration panel, but if the parties make a second request, it is all but guaranteed to go through.
The first requests to establish the panels were rejected last month, prompting the sides to file second requests.
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither KarenAudit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.