spot_imgspot_img

Global Statistics

All countries
232,602,292
Confirmed
Updated on September 27, 2021 9:59 AM
All countries
207,518,911
Recovered
Updated on September 27, 2021 9:59 AM
All countries
4,761,948
Deaths
Updated on September 27, 2021 9:59 AM
spot_img

Norway won’t retaliate against US tariffs – NTB news agency

Advertisement




Advertisement

OSLO: Norway does not plan to retaliate against US import tariffs on metals, despite being a major producer and exporter of aluminium, Foreign Minister Ine Eriksen Soereide told Norwegian news agency NTB on Thursday.
President Donald Trump plans to impose a duty of 25 percent on steel and 10 percent on aluminium to counter cheap imports, especially from China, that he says undermine US industry and jobs.

“Norway has not prepared retaliatory measures. I believe there should be a high threshold for taxing Norwegian consumers and businesses by imposing restrictions on trade,” Soereide, of Norway’s ruling Conservative Party, was quoted as saying.

Norway is not a member of the European Union, which plans to respond to the US measures with tariffs of its own.

State-controlled Norsk Hydro ASA is among the world’s top makers of aluminium but most of the exports go to European countries.

Other Norwegian firms export a range of commodities, such as oil, natural gas, fish and fertilisers, and depend on a well-functioning international system of trade, Soereide said.

OSLO: Norway does not plan to retaliate against US import tariffs on metals, despite being a major producer and exporter of aluminium, Foreign Minister Ine Eriksen Soereide told Norwegian news agency NTB on Thursday.
President Donald Trump plans to impose a duty of 25 percent on steel and 10 percent on aluminium to counter cheap imports, especially from China, that he says undermine US industry and jobs.

“Norway has not prepared retaliatory measures. I believe there should be a high threshold for taxing Norwegian consumers and businesses by imposing restrictions on trade,” Soereide, of Norway’s ruling Conservative Party, was quoted as saying.

Norway is not a member of the European Union, which plans to respond to the US measures with tariffs of its own.

State-controlled Norsk Hydro ASA is among the world’s top makers of aluminium but most of the exports go to European countries.

Other Norwegian firms export a range of commodities, such as oil, natural gas, fish and fertilisers, and depend on a well-functioning international system of trade, Soereide said.

OSLO: Norway does not plan to retaliate against US import tariffs on metals, despite being a major producer and exporter of aluminium, Foreign Minister Ine Eriksen Soereide told Norwegian news agency NTB on Thursday.
President Donald Trump plans to impose a duty of 25 percent on steel and 10 percent on aluminium to counter cheap imports, especially from China, that he says undermine US industry and jobs.

“Norway has not prepared retaliatory measures. I believe there should be a high threshold for taxing Norwegian consumers and businesses by imposing restrictions on trade,” Soereide, of Norway’s ruling Conservative Party, was quoted as saying.

Norway is not a member of the European Union, which plans to respond to the US measures with tariffs of its own.

State-controlled Norsk Hydro ASA is among the world’s top makers of aluminium but most of the exports go to European countries.

Other Norwegian firms export a range of commodities, such as oil, natural gas, fish and fertilisers, and depend on a well-functioning international system of trade, Soereide said.

Advertisement




Advertisement

Advertisement




WhatsApp Image 2020-06-13 at 7.45.22 PM
IMG-20200108-WA0007-808x566
WhatsApp Image 2020-06-13 at 7.45.22 PM (1)
WhatsApp_Image_2020-03-18_at_12.03.14_PM_1024x512
previous arrow
next arrow
Advertisement

Leave a Reply

spot_img

Must Read

Related Articles

Don`t copy text!