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The European Union is expected to consider filing a complaint at the World Trade Organization against the United States of America as for planned duties on imports of steel plate from five EU member states, as the German foreign minister disclosed on Friday.
Sigmar Gabriel stressed that the American authorities seemed prepared to give US companies unfair competitive advantage over EU producers even although this violated international trade law.
The minister told that Europeans can’t stand it. The EU should examine whether it should file a complaint at the WTO and Germany will back it.
The US Department of Commerce found out that seven foreign producers dared to dump certain carbon as well as alloy steel cut-to-length plate in the America market, enabling it to impose duties varying from 3.62% to 148%, as Commerce Secretary Wilbur Ross told on Thursday.
In Germany, for AG der Dillinger Hüttenwerke duties were set at 5.38%, 22.90% for the Salzgitter group and also 21.03% for all other producers and exporters.
In July, American retail sales jumped more than anticipated because households spurred purchases of cars and clothing, hinting that the American economy was still firm early in the third quarter…
In July, American industrial output managed to ascend, backed by higher manufacturing output, which is an upbeat indication of economic surge in the United States…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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