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WTO deputy chief advises EU caution in response to U.S. tariffs

"A trade war is not automatic. It only occurs when an action is reacted to - and possibly triggers a chain reaction," he said, adding that the EU should "be extremely cautious and fine-tune (its) planned tariffs to minimize the collateral damage to local businesses."


Reuters Last Updated at 14 Jun 2018, 14:06 IST United States
WTO deputy chief advises EU caution in response to U.S. tariffs
  • "A trade war is not automatic. It only occurs when an action is reacted to - and possibly triggers a chain reaction," he said, adding that the EU should "be extremely cautious and fine-tune (its) planned tariffs to minimize the collateral damage to local businesses." (Image Credit: Flickr)

There is no basis in World Trade Organisation rules for U.S. tariffs on steel and aluminium, but the European Union should proceed cautiously when responding to the measures, WTO deputy director-general, Karl Brauner, told a German magazine.

"I see no basis in WTO law for the tariffs imposed by the U.S.," Brauner told Wirtschaftswoche.

"A trade war is not automatic. It only occurs when an action is reacted to - and possibly triggers a chain reaction," he said, adding that the EU should "be extremely cautious and fine-tune (its) planned tariffs to minimize the collateral damage to local businesses."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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