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Tariffs 'not the way to go' says Gentiloni

IANS 

Rome, March 10 (IANS/AKI) 's premier on Friday denounced the new US tariffs on and imports which have drawn international criticism.

"Tariffs are not the way to go," told Commission in a phone conversation, according to sources in the prime minister's office.

"It is important to take forward dialogue with the US," added.

At their next summit, EU heads of state and government will "evaluate a shared position" on the US tariffs, Gentiloni stated.

The import duties - 25 per cent on and 10 percent on - will go into effect in 15 days, although and will be exempt while negotiations continue over the North America Free Trade Agreement (Nafta).

German has called for EU be exempted from the tariffs.

Some countries are likely to take the US to court over the tariffs, arguing that the decision breaks Trade Organisation rules.

The White House, however, says that the national security rationale for the move is "unassailable" and national security considerations are allowed under WTO rules.

The tariffs follows US Donald Trump's electoral pledge to rebuild the and industries which he claims are "the bedrock" of the country's "defence-industrial base".

Trump says the US has suffered from "unfair trade" and that the tariffs will boost industry.

--IANS

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 02:34 IST
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