WTO awards South Korea $85 million against U.S. over washing machine tariffs

11-Feb-2019 Intellasia | Reuters | 6:00 AM Print This Post

South Korea can impose annual trade sanctions of $84.81 million on the United States after challenging U.S. anti-dumping and anti-subsidy tariffs on washing machines, a World Trade Organization arbitration panel ruled on Friday.

The sum was much less than the $711 million that South Korea had asked for, but the arbitration ruling also provided a sanctions formula for South Korea to apply in the future, in case the United States imposes similar tariffs on other products in breach of the WTO rules.

https://www.euronews.com/2019/02/08/wto-awards-south-korea-85-million-against-us-over-washing-machine-tariffs

 


Category: Korea

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