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China Updates Its Challenge to US Tariffs
September 20, 2018 |International Sources

China, which previously asked for consultations with the U.S. at the World Trade Organization over steel and aluminum tariffs and two previous rounds of Section 301 tariffs (see 1808270020), asked on Sept.18 for consultations on tariffs that will be levied next week on $200 billion in Chinese goods. As with the previous cases, China says the measures violate WTO rules by imposing higher tariffs on China than on other countries, by exceeding U.S.-agreed bound rates, and because the U.S. did not go through the dispute resolution system at the WTO before acting.

Topics:World Trade Organization (WTO)
EU Releases Proposals to Update WTO
September 18, 2018 |International Sources

The European Commission issued a concept paper on how to improve the World Trade Organization, the EC said in a Sept. 18 news release. "The multilateral trading system has for the past decades provided a stable, predictable and effective framework for companies across the world, helping many economies to grow rapidly," Commissioner for Trade Cecilia Malmstrom said. "Also today, the WTO is indispensable in ensuring open, fair and rules-based trade. But despite its success, the World Trade Organisation has not been able to adapt sufficiently to the rapidly changing global economy. The world has changed, the WTO has not. It's high time to act to make the system able to address challenges of the today's global economy and work for everyone again. And the EU must take a lead role in that."

Topics:World Trade Organization (WTO)
India Again Delays Retaliatory Tariff Implementation
September 18, 2018 |International Sources

Retaliatory tariffs for U.S. tariffs on steel and aluminum were delayed again by India, the country's Department of Revenue said in a Sept. 17 notice. The tariffs are now set to take effect on Nov. 2. The retaliatory tariffs, first announced in May (see 1805180064), are aimed at agricultural products, motorcycles, steel products and phosphoric and boric acid, and are aimed at offsetting the $241 million in duties India expects its U.S. customers to pay on its steel and aluminum exports. The tariffs were originally expected in June, but have been delayed multiple times. Many of the items already face high tariffs -- walnuts are taxed at 100 percent, fresh apples at 50 percent, chickpeas at 60 percent, motorcycles at 100 percent -- but the actions would add 10 percent more to many ag products, 20 percent more to walnuts and almonds, and 50 percent more to motorcycles.

Topics:Customs duty