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.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.