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09 DECEMBER 2022 AL CIRCLE

WTO rules in favour of Norway, rejects US imports duties on aluminium and steel

EDITED BY : SARNALI CHAKRABORTY 1MINS READ

A World Trade Organization (WTO) panel has ruled in favour of Norway against the United States in a dispute Norway brought over U.S. import duties imposed on aluminium and steel in 2018. Former U.S. President Donald Trump issued a memorandum setting responsibilities in March 2018.

WTO rules in favour of Norway, rejects US imports duties on aluminium and steel

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It exempted the European Union and some other allies but struck non-EU member Norway, a significant aluminium producer. The tariffs were imposed on American manufacturers, who had difficulty competing with cheap imports and were forced to close several domestic smelters.

"The WTO panel's report, which was released today, concludes that the U.S. tariff on steel and aluminium was in breach of the WTO rules," said the Norwegian ministry.

Future of the Global Aluminium Castings Industry

Many members have lodged similar complaints with the WTO, including the European Union, China, India, Russia, Switzerland, and Turkey. Around the year's conclusion, decisions are anticipated to be made.


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EDITED BY : SARNALI CHAKRABORTY 1MINS READ

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