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S. Korea can impose US$ 85 mil. tariffs annually against U.S. over washing machines: WTO

2019-02-09 3 Dailymotion

The World Trade Organization ruled Friday local time that Korea can impose annual trade sanctions of 85 million U.S. dollars on the U.S. after challenging U.S. anti-dumping and anti-subsidy tariffs on washing machines.<br /> This comes after Seoul complained to the WTO that the U.S. had not lifted tariffs to comply with a WTO ruling in 2016, and demanded the right to impose its own sanctions in return.<br />In 2013, the U.S. Commerce Department, prompted by U.S. home appliance maker Whirlpool Corporation, imposed anti-dumping duties of around 10 percent on washers made by Korean companies like Samsung Electronics and LG Electronics.<br />This WTO arbitration panel ruling is separate from the Trump Administration's recent safeguard measures against Korean washers and solar cells imposed in January 2018. <br />

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