Trade Cases
July 19, 2018
European Commission Institutes Safeguard Measures on Steel Imports
Written by Sandy Williams
The European Commission has announced it will impose provisional steel quotas to prevent steel imports from being diverted from the U.S. to Europe.
The safeguard measures will go into effect July 19 and will remain in place for a maximum of 200 days. The provisional measures will affect 23 steel product categories and take the form of a Tariff Rate Quota. A 25 percent tariff will be placed only after imports exceed the three-year average and will be allocated on a first-come first-served basis. The measures will cover all countries except those with limited imports to the EU and the European Economic Area countries of Norway, Iceland and Liechtenstein.
