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With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:
1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.
2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to the United States and the European Union dispute ove...
The United States and the European Union ended a dispute over steel and aluminium tariffs and said they would work on a global arrangement on steel and aluminium to combat “dirty” production and overcapacity in the industry.
- The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.
- The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.
- The EU and the United States will negotiate what they call the world’s first carbon-based sectoral arrangement on steel and aluminium trade by 2024, with their arrangement aiming to address carbon intensity and global overcapacity.
- The two sides said they will work to restrict access to their markets for “dirty steel” and limit access to “countries that dump steel” in their markets, both of which contribute to worldwide oversupply.
- The United States also published a consultation that brought on board what it called “like-minded nations” like Japan and Britain on issues related to steel and aluminium, with a focus on the impacts of overcapacity on the global steel and aluminium markets.
- Hence both statements are correct.
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With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the United States and the European Union dispute over steel and aluminium tariffs, consider the following statements:1. The United States will not apply Section 232 duties imposed by former president Donald Trump and will allow duty-free importation of steel and aluminium from the EU at a historical-based volume.2. The EU will suspend tariffs on US products like whiskey, powerboats and Harley-Davidson motorcycles, imposed in retaliation for the steel and aluminium tariffs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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