Tariff redux: Section 232
The United States and the EU have agreed to Section 232 revisions that take effect on 1 January 2022. The new agreement is much like the quota-and-tariff “safeguard” regime already in place in Europe. A certain tonnage may be imported from the EU to the United States tariff-free. After the quota fills, additional tons face a 25% tariff. What will this do to steel prices? How about supply? John Mothersole and John Anton discuss the changes this policy shift will have on markets, manufacturers, and metals buyers. John Anton, Director, Pricing and Purchasing, IHS Markit https://experts.ihsmarkit.com/experts/anton-john John Mothersole, Director of Research, Pricing and Purchasing, IHS Markit https://experts.ihsmarkit.com/experts/mothersole-john