Seeing that the exemption expires, the EU joins hands with China to deal with the United States.

Abstract According to a report by Reuters on the 24th, the European Union applied to the World Trade Organization (WTO) on the same day to join the Chinese lawsuit on increasing import tariffs on steel and aluminum. It is reported that Trump is also considering whether to impose the same import tariffs on the EU. The European Commission expressed its hope that there is no...

According to a report by Reuters on the 24th, the European Union applied to the World Trade Organization (WTO) on the same day to join the case of China's increase of steel and aluminum import tariff litigation against the United States. It is reported that Trump is also considering whether to impose the same import tariffs on the EU. The European Commission expressed its wish to obtain a permanent waiver without conditions.

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(A steel mill in Europe, source: CITYA.M.)

On the 5th of this month, China introduced the 232 measures for the import of steel and aluminum products to the United States, and filed a consultation request with the US under the WTO dispute settlement mechanism to officially launch the dispute settlement procedure. The head of the Treaty Law Department of the Ministry of Commerce said:

On the one hand, the US side selectively excludes some countries and regions, and on the other hand, it has implemented taxation measures for some WTO members including China. This practice by the United States seriously violates the non-discrimination principle of the multilateral trading system, seriously violates its tariff reduction commitments under the WTO and the rules and disciplines of relevant safeguards, and undermines China’s legitimate rights and interests as a member of the WTO. In view of the US refusal to negotiate compensation with China in accordance with the WTO rules, China has to initiate a dispute settlement procedure to defend its legitimate rights and interests.

According to the Russian satellite news network, the WTO announced the statement submitted by the European Union on the same day:

“The EU hereby informs the Government of the United States of America, the Chinese Government and the Dispute Settlement Body. In view of the huge trade interests, the EU has requested to join the action proposed by China on April 9, 2018 to the WTO members to take action against steel and aluminum products in the United States. conversation."

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(Source: Sputnik)

Trump signed an order on March 8 to impose a 25% and 10% tariff on steel and aluminum imported from the United States. Subsequently, exemptions were granted to the EU, Canada, Mexico, Australia, Argentina, Brazil and South Korea. However, the exemption for the EU will end on May 1.

Recently, the U.S. government has continued to intimidate China against trade and has threatened to levy a total of up to 150 billion U.S. dollars on Chinese imports. This makes the world's countries that want free trade and stabilize the market environment very worried.

According to Reuters, the countries that joined the EU on Monday to accuse China include India, Russia, Norway, Switzerland, Turkey and Venezuela. They all expressed their concern or disappointment with the United States.

This week, French President Mark Long visited the United States. In an interview with the US FOX News before his visit to the United States, he said: "I hope... he (Trump) can exempt the EU... you should not be with your allies. Fighting trade."

Mark Long also said: "If you start war with everyone - launch a trade war against China, launch a trade war against Europe, start a war in Syria, and fight with Iran, come on, this will not work."

In addition, German Chancellor Angela Merkel will also visit the United States after Mark Long, and all walks of life have also decided that her task is also to urge the United States to exempt the EU's steel and aluminum products tariffs.

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(Marcon is interviewed. Source: YouTube)

Although Japan, which did not receive US tariff exemption, did not join China’s consultation requirements, it has repeatedly said that it is dissatisfied with the United States. On March 9, the Japanese Foreign Minister hinted: "Extremely, we will consider making the necessary response through the framework of the World Trade Organization (WTO)."

Then on April 5th, Japanese government officials also said that if they do not receive US exemptions, Japan will not support the United States in the "trade war" between China and the United States.

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(Source: Sankei Shimbun)

When Kudrow, the chairman of the US National Economic Council, was interviewed by the US media, he once said vowed that Canada, Europe, Japan, Australia and other countries are free market economies, and they have expressed their support for the US position.

It seems that Director Kudro should still have more research before he speaks.

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