Estimated WTO retaliation limits of US trading partners from Trump's tariffs 2018

This statistic shows the estimated value of the retaliation limits permitted by the World Trade Organization for major trading partners of the United States should a case be brought against the United States as a result of President Trump's proposed tariff on steel and aluminum imports, as of March 2018. The retaliation limit is based on the estimated export losses due to Trump's trade tariffs. Should such a case be successful these figures show the retaliation capacity of each country as they could then impose tariffs against the United States on other products to the prescribed value without breaking World Trade Organization regulations.

It is estimated that if the case were successful, Canada would be able to impose tariffs on U.S. imports to the value of 3.2 billion U.S. dollars. This retaliation limit would be awarded to them by the World Trade Organization, allowing tariffs that would normally risk sanctions. The 3.2 billion U.S. dollar retaliation limit would be afforded to Canada in response to the expected 2 billion U.S. dollars in lost steel exports and 1.2 billion U.S. dollars in lost aluminum exports if the tariffs were to be imposed.

Estimated WTO retaliation limits should Trump impose tariffs on aluminum and steel imports, as of March 2018, by trading partner

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Source

Release date

March 2018

Region

Worldwide, United States

Survey time period

2018

Supplementary notes

Figures are calculated based on Trump's proposed tariffs on steel and aluminum. In his tweet on March 1st, 2018, Trump suggested tariffs on imported steel and aluminum of 25 and 10 per cent respectively.

Retaliation limits have been calculated using a formula adopted by the source. The World Trade Organization would require arbitrators of any case brought against the United States to decide on their formula of calculation.

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