Trade Cases
February 13, 2022
Leibowitz on Trade: More Managed Trade in Steel – Japan’s Turn
Written by Lewis Leibowitz
By Trade Attorney Lewis Leibowitz
On Feb. 7, the United States and Japan announced their long-expected deal to replace most of the Section 232 tariffs on steel (25%) with a tariff rate quota or TRQ. The overall quota from Japan will be about 1.25 million metric tons per year, which is far smaller than imports from Japan were before the tariffs were imposed. The two sides did not make any reform on aluminum trade, at least for now; so the 10% tariffs on aluminum imports remain.
