EU To Launch WTO Dispute Against US Reciprocal Tariffs

India, May 9 -- The European Union will launch a dispute against the United States over its universal reciprocal tariffs and tariffs on cars and car parts.

EU will formally lodge a request for consultations with the World Trade Organization alleging that these tariffs blatantly violate fundamental WTO rules.

"The EU's objective is thus to reaffirm that internationally agreed rules matter, and these cannot be unilaterally disregarded by any WTO member, including the US," the European Commission said.

In parallel, the European Commission has launched a public consultation on a list of US imports which could become subject to EU countermeasures, if ongoing EU-US negotiations do not result in a mutually beneficial outcome and the removal of ...