China, EU Escalate WTO Challenge to Trump Metals Tariffs

The video discusses the WTO's dilemma regarding US tariffs on steel and aluminum, imposed under national security grounds. The WTO faces a tough decision: supporting the US could lead to more protectionist measures globally, while opposing it might provoke US withdrawal from the WTO. The outcome will significantly impact the metals market, with potential repercussions for the car industry. The video also highlights the broader implications of these trade policies, including overcapacity issues in China and the role of major companies like Alcoa Corp.

What is the main concern for the WTO regarding the US tariffs on steel and aluminum?

• Improving US-China relations

• Reducing the price of aluminum

• Increasing global steel production

• Encouraging other countries to impose similar tariffs

Which countries have joined in opposing the US tariffs?

• Russia and India

• China and the EU

• Brazil and Mexico

• Japan and South Korea

What percentage levy has the US imposed on steel imports?

• 25%

• 15%

• 30%

• 20%

What issue did Alcoa Corp highlight regarding the US tariffs?

• Overcapacity in China

• Rising aluminum prices

• Increased competition from Europe

• Lack of protection for US producers

What potential market could be affected if the US decision is upheld?

• The agricultural market

• The textile market

• The car market

• The electronics market