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    Government/Policy

    February 13, 2022

    Leibowitz on Trade: More Managed Trade in Steel – Japan’s Turn

    Written by Lewis Leibowitz

    By Trade Attorney Lewis Leibowitz

    On Feb. 7, the United States and Japan announced their long-expected deal to replace most of the Section 232 tariffs on steel (25%) with a tariff rate quota or TRQ. The overall quota from Japan will be about 1.25 million metric tons per year, which is far smaller than imports from Japan were before the tariffs were imposed. The two sides did not make any reform on aluminum trade, at least for now; so the 10% tariffs on aluminum imports remain.

    Lewis Leibowitz, SMU Contributor

    Lewis Leibowitz

    Lewis Leibowitz, owner of the Law Office of Lewis E. Leibowitz, practices in the areas of international trade law, customs law, and international commercial transactions. He represents clients before all federal courts and agencies dealing with international trade matters. Mr. Leibowitz advises and assists clients in diverse matters including trade remedies, customs, foreign-trade zones and free trade agreements, trade negotiations, and related matters. He can be reached at lewis.leibowitz@lellawoffice.com.

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