South Korea is seeking an annual $350 million in trade sanctions against the Uni...
GENEVA - South Korea is seeking an annual $350 million in trade sanctions against the United States in an Obama-era dispute over tariffs on steel pipes, it said in a World Trade Organization filing published on Tuesday.
South Korea went to the WTO in 2014 to challenge U.S. tariffs levied on oil country tubular goods , a type of steel piping used in the energy industry. South Korea said the United States had failed to do so and it was seeking sanctions equal to the level of trade harm done. South Korea plans to impose the sanctions by putting tariffs on certain types of U.S. goods, which it said it would announce at a later date.
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