In response to India’s complaint to the World Trade Organization (WTO) on April 11, labelling the US tariffs as safeguard measures, the United States countered by asserting that the tariffs were imposed on national security grounds, not as safeguards.
Image source: Wikipedia
The Trump administration office further justified its tariff move by stating that it was carried out under Section 232 of US trade law, which authorises the President to restrict imports that threaten national and economic security.
The US government said, “The President imposed the tariffs on steel and aluminium pursuant to Section 232, under which the President determined that tariffs are necessary to adjust imports of steel and aluminium articles that threaten to impair the national security of the US.”
Let’s know what Donald Trump has to say
President Donald Trump claims that years of foreign trade and economic practices have led to a national emergency, as persistent and significant trade deficits have weakened the domestic manufacturing base. He argues the surge of cheap imports sold at unfairly low prices has discouraged American manufacturers from expanding and investing in production capabilities.
Responses