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Saturday, October 23, 2021

U.S. to operate quotas on steel despite tariff exemptions: White House advisor

U.S. to operate quotas on steel despite tariff exemptions: White House advisor© Reuters. Rolled up steel sits in the ArcelorMittal Dofasco steel plant in Hamilton

WASHINGTON (Reuters) – Countries granted exemptions to recently enacted U.S. steel and aluminum tariffs will still be subject to a quota system for imports, White House trade advisor Peter Navarro said on Tuesday.

“We will have quotas and other restrictions to make sure that we defend our industries in the interest of national security,” Navarro told steel industry executives, adding that the approach also would apply to entities “like Europe.”

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Source: Investing.com

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