adminGENEVA. — The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month, at a meeting of the WTO’s (World Trade Organisation) governing body yesterday.
The administration of President Donald Trump no longer faces any legal obstacles for its set of previously scheduled sanctions against European goods that could now take effect Friday, after a three-person WTO tribunal of arbitrators earlier this month issued a ruling that allowed the enactment of $7,5 billion worth of countermeasures — an historically high amount. — CNBC.com
Bongani Ndlovu
Online Reporter