10 Feb 2020
Customs & Trade Facilitation
Trade & External Affairs
Transatlantic Task Force
Friday, 7 February 2020. The American Chamber of Commerce to the EU (AmCham EU) regrets the decision of the United States to expand steel and aluminium tariffs to include derivatives items such as nails and cables, as of 8 February 2020.
Broadening the scope of steel and aluminium tariffs could add tensions at a sensitive time when bilateral trade negotiations are restarting between the EU and the US. They risk triggering a tit-for-tat dispute that would be detrimental to both sides. AmCham EU also advocates for a permanent exemption for the EU from tariffs on imports of steel and aluminium.