Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Economy

How the US has trumped trade rules

Updated : April 13, 2018 12:03 PM IST

US President Donald Trump’s announcement of a 25 percent tariff on imported steel and 10 percent tariff on imported aluminium is a blatant violation of global trade rules.
China’s retaliation with import duties of up to 25 per cent on 128 food products from the US is also a violation of WTO rules.
Strategic thinking, in partnership with other countries on preserving the multilateral rules-based system, is what is sorely needed.
How the US has trumped trade rules
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