South Korea said on Monday that it has taken a dispute to the World Trade Organization (WTO) against the United States for imposing tariffs on washing machines and solar panels as the measure was deemed to be in violation of the WTO agreement.
South Korea’s Ministry of Trade, Industry and Energy said in a statement that it has delivered its request for bilateral consultation to the U.S. side to start a dispute settlement process.
The move is a set of measures that the South Korean government had taken after U.S. President Donald Trump slapped a steep tariff on imported washing machines and solar panels in February to protect American manufacturers.
In April, South Korea said it notified its plan to suspend tariff concessions on imported U.S. goods worth $480 million following U.S. tariff measures against South Korean imports. Read More
Latest posts by ET Energy World (see all)
- Jharkhand: Bokaro to open state’s first CNG station today - February 23, 2019
- In Andhra Pradesh, no increase in power tariff for FY 2019-20 - February 23, 2019
- Mumbai HC gives a mouthful to Anil Ambani firm, says petition ‘smacks of deceit’ - February 23, 2019