Background

U.S. hints at enlisting S. Korea for export control regime

“Analysts read the US’ remarks about discussing a new multilateral export control regime as signaling its intent to enlist South Korea and other allies to ramp up the effectiveness of its controls against China, having determined that its own independent export controls lack effectiveness and have only hurt US businesses.”

[Hankyoreh]

New tool to enable EU to withstand economic coercion enters into force

“It gives the EU a wide range of possible countermeasures when a country refuses to remove the coercion. These include the imposition of tariffs, restrictions on trade in services and trade-related aspects of intellectual property rights, and restrictions on access to foreign direct investment and public procurement.”

[European Commission]

WTO panel rules against Turkey in metals duties dispute with U.S.

“Turkey acted after Washington imposed a 25% duty on steel imports and a 10% duty on aluminium imports in March 2018 based on the Donald Trump administration's ‘Section 232’ national security investigation into steel and aluminium imports.”

[Reuters]

Switzerland scraps tariffs on industrial product imports

“The scrapping of import duties applies to products such as capital goods, raw materials, semi-finished products and machinery, as well as consumer products such as bicycles, household appliances and clothing. It does not apply to agricultural products such as live animals, plants, seeds and animal feed.”

[Reuters]

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