SMU Explains: How the TRQ With the EU Works

The tariff-rate quota, or TRQ, replacing Section 232 tariffs on steel and aluminum imported from the European Union will go into effect on Jan. 1, 2022, per details of the agreement released by the Office of the United States Trade Representative (USTR).

A 25% tariff will be still applied after the quota limit – 3.3 million metric tonnes – for steel is reached. The pact also extends U.S. “melted and poured” policies to the EU – as SMU reported on Friday.

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He has since 2014 specialized in flat-rolled steel but has previously reported on steel long products, steel pipe and tube as well as aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago - where he was involved in launching AMM's daily hot-rolled coil index, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

Michael Cowden

Latest in Trade Cases

Test Training – hot rolled

Leibowitz: Trade Gets Easier for Allies, Harder for China

Mexico Announces 25% Import Tariffs on Steel

USTR Applauds WTO Report on Section 232 Tariffs

Commerce Issues Initial Ruling in Tin Products AD Case