U.S.-EU Steel Tariffs Deal Is Onerous for Smaller Importers

WASHINGTON—The Biden administration’s deal to relieve off steel and aluminum tariffs from Europe has gained plaudits from substantially of U.S. industry, but a complex new quota method that will come with it has fueled considerations for smaller importers.

The deal, introduced throughout the Team of twenty summit previous weekend, allows the European Union to export steel and aluminum responsibility free of charge until eventually reaching a quota of 3.3 million metric tons of steel and 384,000 metric tons of aluminum a 12 months.