The World Trade Organization has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules.
FILE - A person walks past the WTO Ministerial MC12 logo before the opening of the 12th Ministerial Conference at the headquarters of the World Trade Organization in Geneva, Switzerland on June 12, 2022.
FILE - A person walks past the WTO Ministerial MC12 logo before the opening of the 12th Ministerial Conference at the headquarters of the World Trade Organization in Geneva, Switzerland on June 12, 2022. WASHINGTON — Trump’s tariffs of 25% on foreign steel and 10% on aluminum outraged America’s long-standing allies, including the European Union and Japan, because he relied on a little-used provision of U.S. trade law to declare their steel and aluminum a threat to U.S. national security.In a ruling issued Friday, the WTO said it was “not persuaded” that the United States faced “an emergency in international relations’’ that would justify the tariffs.
Friday’s decision, however, will likely have little real-world impact. If the United States appeals the ruling, it will go nowhere. That’s because the WTO’s Appellate Body hasn’t functioned for three years, ever since the U.S. blocked the appointment of new judges to the panel.And the Biden administration already reached agreements with the EU, Japan and the United Kingdom to essentially drop the tariffs and replace them with import quotas under which the Trump taxes do not apply.
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