South Korea is seeking an annual $350 million in trade sanctions against the United States in an Obama-era dispute over tariffs on steel pipes, it said in a World Trade Organization (WTO) filing published on Tuesday.
South Korea went to the WTO in 2014 to challenge US tariffs levied on oil country tubular goods (OCTG), a type of steel piping used in the energy industry.
Washington said its tariffs aimed to stop South Korea exporting the product at unfairly cheap prices. After South Korea won a partial victory at the WTO, the United States had until July 12 to comply with that ruling.
