Brazil files WTO protest over U.S. tariff plans

Source: Xinhua| 2018-03-06 12:48:30|Editor: Zhou Xin
Video PlayerClose

RIO DE JANEIRO, March 5 (Xinhua) -- Brazil filed a protest Monday with the World Trade Organization (WTO) against the U.S. tariffs plan on steel imports and urged the White House to reconsider its decision, authorities said.

Brazil told a WTO meeting that the global trading system is "not living normal times" and that the institution is "facing serious challenges, including existential" ones, said the country's foreign ministry in a statement.

For Brazil, "protectionism is at the center of the threat. This recent unilateral announcement, by an important member of the WTO, takes this threat to a new level," the statement said.

Brazil's protest came after U.S. President Donald Trump announced last week that he wants to levy an extra 25-percent tax on steel imports and a 10-percent tax on imported aluminum.

"We have deep preoccupations on the systematic implications (of this threat), which could have severe consequences that are in nobody's interests," the statement added.

The Brazilian minster of development, industry and foreign trade traveled to Washington to try to change the minds of the U.S. authorities.

According to a study by Brazil's National Confederation of Industry, such tariffs could cause losses of 3.15 billion U.S. dollars a year for the Brazilian industry.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370195281
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
亚洲中文字视频 | 亚洲成AV人在线观看网址 | 亚洲V国产V日韩V欧美V | 亚洲中文字幕在线观看视频 | 亚洲国产欧美国产综合在线一区 | 一区二区三区四区国产 |