Japan: Survival of International Trading System at Risk — Over 40 Countries Object at WTO to U.S. Car Tariff Plan, Fearing Collapse of Rules-Based Trading System
- Trump is definitely wrecking the New World Order system. It also means that America is becoming a rogue state. The Illuminati definitely cannot build a Luciferian World Government for their Man of Sin with the policies of the Trump administration.
– - Over 40 Countries Object at WTO to U.S. Car Tariff Plan, Fearing Collapse of Rules-Based Trading System
by REUTERS, https://www.japantimes.co.jp/news/
GENEVA – Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization on Tuesday about possible U.S. measures imposing additional duties on imported autos and parts.
–
Japan, which along with Russia had initiated the discussion at the WTO Council for Trade in Goods, warned that such measures could trigger a spiral of countermeasures and result in the collapse of the rules-based multilateral trading system, an official who attended the meeting said.
–
Over 40 WTO members, including the 28 countries of the European Union — warned that the U.S. action could seriously disrupt the world market and threaten the WTO system, given the importance of cars to world trade.
–
The United States has imposed tariffs on steel and aluminum imports from many of its key allies and is conducting another national security study that could lead to tariffs on imports of cars and car parts. Both sets of tariffs would be based on concerns about U.S. national security. U.S. President Donald Trump said June 29 that the probe would be completed in three to four weeks.
–
But the European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to countermeasures by its trading partners on $294 billion of U.S. exports.
–
read more.
end