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ARTICLE · 02 NOVEMBER 2021

U.S.-EU Make A Deal On Steel And Aluminum Tariffs

Husch Blackwell LLP
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On Saturday, the United States and the European Union reached an agreement on section 232 duties being imposed because of global steel and aluminum excess capacity concerns.

GlobalInternational Law
Steven A. Neeley
Steven A. Neeley
Nithya Nagarajan
Nithya Nagarajan
Julia Banegas
Julia Banegas

On Saturday, the United States and the European Union reached an agreement on section 232 duties being imposed because of global steel and aluminum excess capacity concerns.  The trading partners have agreed that the U.S. will adjust tariffs on steel and aluminum to allow elimination of certain U.S. section 232 duties, and the EU will suspend its retaliatory tariffs. While many details are yet to be released, the following guidelines are available:

  • The U.S. will replace Section 232 tariffs with tariff-rate quotas (TRQs) for EU steel and aluminum products.
  • The EU will suspend its retaliatory tariffs in response to the U.S. Sections 232 tariffs.
  • Both the U.S. and EU agreed to coordinate on trade remedies and customs matters.

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