Friday, 17 August, 2018

Russia Demands Compensation for US Tariffs on Aluminum, Steel

Russia Demands Compensation for US Tariffs on Aluminum, Steel Russia Demands Compensation for US Tariffs on Aluminum, Steel
Sandra Phillips | 21 April, 2018, 03:27

Cecilia Malmstrom, the European Union's trade commissioner, also said the bloc would not offer any concessions in order to be exempt from the USA import duties ahead of a May 1 deadline in talks.

European Union officials have argued that these tariffs run counter to global trade rules under the World Trade Organization (WTO), and damaging to worldwide trade flows.

Mexico and Canada - U.S. trading partners under the NAFTA agreement - are among countries that have won temporary exemptions to the otherwise blanket tariffs on U.S. imports of aluminium and steel.

"The Russian Federation is a WTO Member that has a substantial interest as exporter of the products subject to the safeguard measures", it adds.

"The decision to approach the WTO was taken after India's attempts to sort out the matter bilaterally with the United States did not yield results", a government official told BusinessLine.

Safeguards can be allowed under WTO rules if the country imposing them can prove its domestic industry is under threat from imports.

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I-70 reopens in western Colorado after being shut down by wildfire
All evacuation orders have been lifted, and the state plans to relinquish command back to local and county authorities at 6 a.m. Those who wish to make an agriculture donation should contact the Baca County Sheriff's Office for unloading and organizing.

The Whispers about Exxon Mobil Corporation (XOM) and Juniper Networks, Inc. (JNPR)
If we look at stock performance in last active day trading, we see that stock has moved advanced 12.29% to end the day at $0.20. On Monday, December 11 the stock of Exxon Mobil Corporation ( NYSE : XOM ) has "Hold" rating given by Credit Suisse.

"The move would help create a pressure on the United States as other member countries may join India in this".

US allies Australia, Canada, the EU, Mexico and South Korea have received temporary exemptions from the tariffs, pending negotiations with the U.S.

The US move follows WTO procedures, which order members to respond to a request for settlement from another member within ten days, said MOC spokesperson Gao Feng.

According to estimates, India exports steel and aluminium goods worth about $1.6 billion a year to America. The duties were increased by 25 percent for some steel products, and 10 percent for aluminum products.

A Geneva-based trade official said the move was an expected, but not mandatory, step that buys Washington time to flesh out its differences with Beijing.

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