Steel Products
March 10, 2019
Leibowitz on Trade: Trump’s Tradeoff—Tariffs vs. Quotas
Written by John Packard
Trade attorney and Steel Market Update contributor Lewis Leibowitz offers the following update on events in Washington:
President Trump may be forced to concede some ground on his Section 232 tariffs in order to get legislators in Canada and Mexico to sign off on the new North American trade agreement. One option the administration reportedly is considering is replacing the tariffs on Canada and Mexico with some form of quota. Which raises the questions: How do quotas differ from tariffs and what would that mean for U.S. steel prices?
