Government/Policy
July 23, 2023
Leibowitz: No Deal in Sight on US/EU Steel and Aluminum Trade
Written by Lewis Leibowitz
In 2021, the US and EU called a timeout on their disputes about the US “national security” steel and aluminum tariffs and the resulting retaliatory measures by the EU.
The agreement back then rescinded the Section 232 tariffs and replaced them with a “tariff-rate quota” that allowed a measure of tariff-free trade. In exchange, the EU rescinded its retaliatory tariffs of 25% on several US exports, prominently including US whiskey, which hit Mitch McConnell’s home state of Kentucky especially hard.

