GET Stock QuotesNews18 APP
News18 English
»
1-min read

Canada Files WTO Complaint Over 'Illegal' US Steel Tariffs

Canada will coordinate its WTO case with the EU, which also filed a challenge. It also requested a review of the US measures under the North American Free Trade Agreement Chapter 20 trade dispute mechanism.

AFP

Updated:June 2, 2018, 8:54 AM IST
facebookTwittergoogleskypewhatsapp
Canada Files WTO Complaint Over 'Illegal' US Steel Tariffs
Canada's Prime Minister Justin Trudeau listens to Foreign Minister Chrystia Freeland during news conference in Ottawa on May 31, 2018. (Image: Reuters)
Loading...
Ottawa: Canada filed a complaint at the World Trade Organization in response to "illegal" US tariffs on imports of Canadian steel and aluminum, Foreign Minister Chrystia Freeland said.

"These unilateral tariffs, imposed under a false pretext of safeguarding US national security, are inconsistent with the United States' international trade obligations and WTO rules," Freeland said in a statement issued today(Friday).

Canada will coordinate its WTO case with the EU, which also filed a challenge. It also requested a review of the US measures under the North American Free Trade Agreement Chapter 20 trade dispute mechanism.

"As a key NORAD and NATO ally of the United States, and as the number-one customer of American steel, Canada views the US trade restrictions imposed on Canadian steel and aluminum as absolutely unacceptable," Freeland said.

On Thursday, Washington announced tariffs of 25 per cent on Canadian steel imports and 10 per cent on aluminum.

Ottawa immediately hit back with proportional Can$16.6 billion ($12.8 billion US) in tariffs on US steel and aluminum as well as consumer goods.
| Edited by: Huma Tabassum
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 684.25 4.66
HDFC Bank 2,001.05 1.69
Dewan Housing 202.50 -3.82
Yes Bank 211.15 -3.10
Reliance 1,108.00 0.61
Company Price Change %Gain
Indiabulls Hsg 683.40 4.46
Dewan Housing 203.00 -4.15
Yes Bank 211.20 -2.99
Container Corp 590.70 -0.43
Reliance 1,107.50 0.53
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 683.50 4.54
Adani Ports 322.65 2.31
Bajaj Finance 2,180.00 1.85
Eicher Motors 21,980.00 1.64
HDFC Bank 2,000.80 1.68
Company Price Change %Gain
Adani Ports 322.80 2.25
HDFC Bank 2,000.50 1.77
HDFC 1,678.00 1.01
SBI 263.50 1.02
ICICI Bank 317.55 0.84
Top Losers
Company Price Change %Gain
Tech Mahindra 672.25 -2.69
IOC 129.80 -2.52
Yes Bank 211.15 -3.10
HPCL 211.25 -2.15
BPCL 276.80 -2.38
Company Price Change %Gain
Yes Bank 211.20 -2.99
Bharti Airtel 280.50 -2.21
ONGC 158.75 -1.43
Infosys 678.55 -0.59
TCS 1,900.20 -0.88

Live TV

Loading...
Loading...