WTO members conclude review of US 10% import surcharge after its termination
WTO members concluded consultations on the 10% ad valorem import surcharge the United States imposed on goods from all trading partners, subject to certain product exceptions, under Section 122 of the US Trade Act of 1974. The measure was terminated on 24 July, and members adopted the consultation report ad referendum on 12 October; it now goes to the General Council for review. The United States had notified the Committee on Balance of Payments on 20 February, and several members requested consultations, held at a 5 May Committee meeting.