GENEVA (Reuters) – South Korea has asked the World Trade Organization for authorization to impose annual trade sanctions worth at least $711 million on the United States, a filing published by the World Trade Organization showed on Friday.
As well as those sanctions, arising from a dispute over trade in washing machines, Seoul also asked for permission to impose an open-ended amount of trade sanctions if Washington broke the same rules again with regard to other products.
Demand - List - Reproaches - US - Trade
The demand adds to a growing list of reproaches of U.S. trade policy, especially the punitive duties with which it often targets allegedly unfair trade.
In the past week alone, the WTO has published a broad Canadian complaint about the U.S. trade rulebook and a WTO filing on Friday showed Vietnam has complained about U.S. tariffs on fish.
India - US - Dispute - Washington - Ruling
India has also re-opened a U.S. dispute, alleging Washington has failed to comply with a ruling on solar power.
Trade tension is rising because of U.S. demands to renegotiate the North American Free Trade Agreement and virtual paralysis in the WTO dispute system,...
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