Steel News

Biden Administration Looks to Settle Steel Tariff Dispute by December

6/15/2021 - The U.S. Section 232 tariffs on steel and aluminum will remain in place for the time being, but the Biden administration on Tuesday said it is committed to resolving the dispute with the EU over the tariffs.  

“We will engage in discussions to allow the resolution of existing differences on measures regarding steel and aluminum before the end of the year.  In this regard, we are determined to work together to resolve tensions arising from the U.S. application of tariffs on imports from the EU under U.S. Section 232, and will work toward allowing trade to recover from its 2020 lows and ending the WTO disputes. We commit to ensure the long-term viability of our steel and aluminum industries, and to address excess capacity,” officials said in a joint statement Tuesday 

The American Iron and Steel Institute said it welcomed the administration’s commitment to preserving the industry’s viability and its promise to address global excess steel capacity. 

“Addressing these challenges will require the implementation of new and effective measures to eliminate government subsidies and other market distorting policies in many countries that have contributed to the ongoing global steel overcapacity crisis,” said AISI president and chief executive Kevin Dempsey. 

“Recognizing that these changes in government policies around the world – including in the EU – will take time and will not be easy to achieve, it is essential that the United States maintain strong and effective trade measures to prevent surges in steel imports from around the world that could quickly undermine the U.S. industry and our national security,” he added.