Economic news

US welcomes WTO panel report on China steel, aluminum tariffs

2023.08.16 11:24


© Reuters. FILE PHOTO: A staff member wearing a face mask walks past United States and Chinese flags set up before a meeting between Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, Saturday, Jul

WASHINGTON (Reuters) – The office of the U.S. Trade Representative on Wednesday said it was pleased with a World Trade Organization panel report that it said recognized the United States’ section 232 actions on steel and aluminum are security measures and rejected China’s arguments.

“The United States is pleased with the World Trade Organization (WTO) panel report released today, recognizing that the U.S. Section 232 actions on steel and aluminum are security measures, and that the People’s Republic of China (China) illegally retaliated with sham ‘safeguard’ tariffs,” the USTR said in a statement.

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