U.S.-EU Deal on Section 232 Might Be Imminent: Sources

The U.S. and the European Union (EU) could reach a deal that would lead to the removal Section 232 tariffs from steel imports from the trade bloc as soon as this weekend, according to sources familiar with the matter.

The two sides would most likely agree to a tariff rate quota, or TRQ, which would replace the 25% national security tariffs imposed by the Trump administration in 2018, they said.

Michael Cowden

Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.