• Skip to main content

    Government/Policy

    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    The agreement back then rescinded the Section 232 tariffs and replaced them with a “tariff-rate quota” that allowed a measure of tariff-free trade. In exchange, the EU rescinded its retaliatory tariffs of 25% on several US exports, prominently including US whiskey, which hit Mitch McConnell’s home state of Kentucky especially hard.

    Lewis Leibowitz, SMU Contributor

    Lewis Leibowitz

    Read more from Lewis Leibowitz

    Latest in Government/Policy