EU prepares retaliatory 25% duty on US steel from June 20

摘要

The European Union will impose a 25% duty on US carbon and alloy flat and long steel product imports, as well as aluminum, from June 20 as a safeguard measure if it does not receive extended exemptions from Section 232 tariffs on steel and aluminum exports to the US beyond June 1. The European Commission said in its Official Journal that the duties will only apply if the World Trade Organization does not object to the measures. The WTO was notified last Friday of the potential duties, which are effectively a suspension of trade concessions.