Switzerland files WTO complaint over American steel tariffs

The Swiss State Secretariat for Economic Affairs (SECO) has initiated a dispute settlement procedure with the World Trade Organisation (WTO) against US steel and aluminium import tariffs. In a statement published on Tuesday, SECO announced that a complaint to this effect had been filed with the WTO because Switzerland was one of the countries affected by the additional import tariffs on certain steel and aluminium products into the US. Switzerland exported steel products worth about CHF80 million (USD80.5 million) last year, it said in the statement. The US import measures targeted at protecting national security were unjustified, SECO wrote. + Trump tariff plan may spark ‘undesirable chain reaction’ No reaction Switzerland had already intervened with US authorities in March 2018 and submitted a formal application aimed at obtaining a country-specific exemption from trade tariffs. The US so far has not reacted to Switzerland’s request, SECO wrote. In order to safeguard ...

 
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