"​Chance for India, US to resolve duty dispute as WTO defers ruling"

9th Feb,2021

"​Chance for India, US to resolve duty dispute as WTO defers ruling"

The World Trade Organization has pushed back its dispute panel’s rulings on the US’ dustup with Bharat, the EU and 4 others nations over higher duties on some steel and Al merchandise to the last half of this year on account of the pandemic.
The development provides the Joe Biden-led United States longer to resolve the dispute through consultations.Russia, Norway, Turkey, Switzerland, and Europe too had dragged the U.S.A. to the world organisation on Washington's move to impose twenty fifth and 100% import duties on bound steel and Al merchandise in 2018. The U.S.A. had aforementioned the duties were measures for national security