Price on Trade: New EU steel tariffs don't mean the US should weaken its stance

The European Commission last week proposed significantly tightening its steel trade defenses, introducing a new regime with a 50% tariff that applies to steel imports that exceed a dramatically reduced quota level.

Specifically, under this proposal, the volume of steel imports allowed to enter the EU duty-free each year would be cut by nearly 50% to 18.3 million tons annually. This lower quota level is intended to reflect EU imports levels from before 2013, when global steel overcapacity began surging most prominently.

Alan Price

Price has more than 30 years of experience representing clients in high-profile, complex international trade regulatory matters, including trade litigation involving public and government relations issues. In addition to being chair of the firm’s International Trade Practice, he heads the firm’s antidumping and countervailing duty practice. He also counsels clients on bilateral and multilateral agreements, trade legislation, customs regulation, Foreign Corrupt Practices Act (FCPA) compliance issues, escape clause investigations, and World Trade Organization (WTO) dispute resolution.

Ted Brackemyre

Brackemyre represents clients in a variety of international trade matters, including antidumping and countervailing duty proceedings, export controls compliance programs, and issues related to international trade and climate policy. He practices primarily before the US Department of Commerce, the US International Trade Commission, the US Court of International Trade, and the US Court of Appeals for the Federal Circuit. Brackemyre has represented clients in a broad range of industries, including leading US technology companies and US manufacturers of steel, wood, and consumer products.